Electronic Arts Inc. (NASDAQ:EA) Shares Sold by KBC Group NV

KBC Group NV decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,048 shares of the game software company’s stock after selling 3,806 shares during the quarter. KBC Group NV’s holdings in Electronic Arts were worth $10,833,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Electronic Arts by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after buying an additional 26,505 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Electronic Arts by 28.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock valued at $134,969,000 after purchasing an additional 206,623 shares during the period. Franklin Resources Inc. boosted its holdings in Electronic Arts by 8.4% in the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock valued at $124,548,000 after purchasing an additional 66,797 shares during the last quarter. abrdn plc grew its position in Electronic Arts by 59.2% during the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock worth $123,484,000 after purchasing an additional 319,335 shares during the period. Finally, National Pension Service raised its stake in shares of Electronic Arts by 11.8% during the 3rd quarter. National Pension Service now owns 829,138 shares of the game software company’s stock valued at $118,932,000 after buying an additional 87,327 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on EA shares. UBS Group raised their target price on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Monday. Finally, Bank of America lowered Electronic Arts from a “buy” rating to a “neutral” rating and cut their price target for the company from $170.00 to $130.00 in a research note on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and an average target price of $158.05.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now directly owns 28,190 shares in the company, valued at approximately $4,251,897.70. This represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the sale, the insider now owns 50,433 shares in the company, valued at $7,969,926.99. This represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock worth $3,986,385 in the last three months. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Price Performance

NASDAQ:EA opened at $117.10 on Thursday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The stock has a market cap of $30.71 billion, a PE ratio of 30.10, a P/E/G ratio of 1.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a 50 day moving average price of $149.52 and a 200 day moving average price of $148.30.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.