Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Avanza Fonder AB

Avanza Fonder AB cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 27.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,175 shares of the game software company's stock after selling 5,078 shares during the period. Avanza Fonder AB's holdings in Electronic Arts were worth $1,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EA. Putney Financial Group LLC purchased a new stake in Electronic Arts during the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC purchased a new stake in Electronic Arts during the fourth quarter valued at approximately $32,000. LGT Financial Advisors LLC purchased a new stake in Electronic Arts during the fourth quarter valued at approximately $33,000. Millstone Evans Group LLC purchased a new stake in Electronic Arts during the fourth quarter valued at approximately $37,000. Finally, American National Bank & Trust purchased a new stake in Electronic Arts during the first quarter valued at approximately $40,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ EA traded down $1.57 during trading on Friday, hitting $148.48. The company had a trading volume of 1,703,905 shares, compared to its average volume of 2,760,338. The stock has a fifty day simple moving average of $146.88 and a two-hundred day simple moving average of $143.01. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm has a market capitalization of $37.23 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. Electronic Arts's dividend payout ratio (DPR) is 17.92%.

Analyst Ratings Changes

EA has been the subject of a number of research analyst reports. HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Wednesday, May 7th. UBS Group raised their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Moffett Nathanson reaffirmed a "neutral" rating and issued a $163.00 price target on shares of Electronic Arts in a report on Wednesday, May 7th. The Goldman Sachs Group raised their price target on shares of Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a report on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $161.88.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now directly owns 26,216 shares in the company, valued at approximately $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,666 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $150.93, for a total transaction of $402,379.38. Following the completion of the transaction, the chief executive officer now owns 67,393 shares in the company, valued at $10,171,625.49. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,729 shares of company stock worth $4,107,664. 0.22% of the stock is owned by insiders.

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.