Danske Bank A S Decreases Stock Position in Electronic Arts Inc. $EA

Key Points

• Danske Bank A/S cut its stake in Electronic Arts by 38.2% in Q4, selling 81,183 shares and now holding 131,109 shares (~0.05% of EA) valued at about $26.79 million.
• Insiders have been selling recently—Laura Miele sold 2,500 shares and Vijayanthimala Singh sold 1,200 on April 15 under pre‑arranged Rule 10b5‑1 plans, with insiders totaling 27,600 shares (~$5.54M) sold in the last three months and owning just 0.24% of the company.
• Wall Street consensus is a "Hold" (3 Buys, 19 Holds, 1 Sell) with an average price target of $188.30, while EA trades around $202–$204 near its 52‑week high, leaving analyst targets below the current share price.

Danske Bank A S lessened its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,109 shares of the game software company's stock after selling 81,183 shares during the quarter. Danske Bank A S owned about 0.05% of Electronic Arts worth $26,790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock worth $500,000 after buying an additional 294 shares in the last quarter. Empowered Funds LLC lifted its position in Electronic Arts by 167.0% during the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company's stock worth $2,790,000 after buying an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company's stock worth $46,000 after buying an additional 190 shares in the last quarter. Jump Financial LLC purchased a new position in Electronic Arts during the second quarter worth approximately $2,323,000. Finally, NewEdge Advisors LLC lifted its position in Electronic Arts by 96.4% during the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company's stock worth $490,000 after buying an additional 1,505 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $203.21, for a total transaction of $508,025.00. Following the completion of the sale, the insider owned 43,343 shares of the company's stock, valued at $8,807,731.03. This trade represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total value of $243,900.00. Following the sale, the insider directly owned 28,760 shares of the company's stock, valued at approximately $5,845,470. This trade represents a 4.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,600 shares of company stock worth $5,544,159 in the last three months. 0.24% of the stock is owned by insiders.

Electronic Arts Price Performance

EA stock opened at $202.09 on Friday. The business has a fifty day moving average of $201.84 and a two-hundred day moving average of $202.18. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a market cap of $50.57 billion, a price-to-earnings ratio of 75.97, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66. Electronic Arts Inc. has a 52-week low of $141.19 and a 52-week high of $204.88.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EA shares. UBS Group reiterated a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup reduced their price objective on Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $188.30.

Electronic Arts Profile

Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA's product lineup spans several well-known franchises and genres.

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.