Swedbank AB Has $235.22 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Swedbank AB increased its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,607,817 shares of the game software company's stock after acquiring an additional 95,190 shares during the quarter. Swedbank AB owned approximately 0.61% of Electronic Arts worth $235,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EA. Ashton Thomas Securities LLC purchased a new position in Electronic Arts during the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. grew its holdings in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after buying an additional 117 shares in the last quarter. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts during the third quarter valued at $36,000. Bruce G. Allen Investments LLC raised its position in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company's stock valued at $39,000 after buying an additional 166 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after acquiring an additional 70 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

NASDAQ:EA traded up $4.23 during midday trading on Friday, reaching $122.91. The stock had a trading volume of 6,589,228 shares, compared to its average volume of 3,535,658. The stock has a market capitalization of $32.24 billion, a P/E ratio of 31.60, a PEG ratio of 2.38 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm's fifty day simple moving average is $147.66 and its 200-day simple moving average is $147.95.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares of the company's stock, valued at $8,758,819.05. This represents a 8.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the transaction, the executive vice president now owns 23,360 shares in the company, valued at approximately $3,814,688. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,000 shares of company stock valued at $3,835,555. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EA shares. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research note on Friday. Oppenheimer lowered their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. Roth Mkm cut their target price on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. UBS Group lifted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Finally, Bank of America downgraded shares of Electronic Arts from a "buy" rating to a "neutral" rating and dropped their price target for the stock 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, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $157.43.

Electronic Arts Profile

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.