E. Ohman J or Asset Management AB Has $27.27 Million Holdings in Electronic Arts Inc. $EA

Key Points

• E. Ohman J or Asset Management AB reduced its stake in Electronic Arts Inc. by 1.0% in Q2, holding 170,763 shares worth approximately $27.27 million as of its latest SEC filing.
• Electronic Arts has a market capitalization of $43.13 billion and recently announced a quarterly dividend of $0.19, representing an annualized yield of 0.4%.
• Wall Street analysts show a favorable outlook for Electronic Arts, with the majority giving it a "Buy" or "Strong Buy" rating, and target prices ranging from $153.00 to $210.00.

E. Ohman J or Asset Management AB cut its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,763 shares of the game software company's stock after selling 1,690 shares during the quarter. E. Ohman J or Asset Management AB owned 0.07% of Electronic Arts worth $27,271,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Gallacher Capital Management LLC lifted its stake in Electronic Arts by 24.7% in the second quarter. Gallacher Capital Management LLC now owns 2,770 shares of the game software company's stock valued at $442,000 after buying an additional 548 shares during the period. Parallel Advisors LLC raised its position in shares of Electronic Arts by 36.4% during the second quarter. Parallel Advisors LLC now owns 4,430 shares of the game software company's stock worth $708,000 after purchasing an additional 1,182 shares during the period. Private Client Services LLC acquired a new position in shares of Electronic Arts during the second quarter worth approximately $1,776,000. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Electronic Arts during the first quarter worth approximately $1,351,000. Finally, Voya Investment Management LLC raised its position in shares of Electronic Arts by 0.3% during the first quarter. Voya Investment Management LLC now owns 74,291 shares of the game software company's stock worth $10,737,000 after purchasing an additional 234 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Trading Up 1.5%

Shares of Electronic Arts stock opened at $172.38 on Monday. The stock has a fifty day simple moving average of $162.98 and a 200 day simple moving average of $151.97. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $180.90. The company has a market capitalization of $43.13 billion, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 2.22 and a beta of 0.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Electronic Arts's dividend payout ratio is 19.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EA shares. Arete raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 target price on the stock in a research report on Tuesday, August 5th. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and upped their target price for the stock from $175.00 to $185.00 in a research report on Tuesday, June 24th. Wedbush reaffirmed an "outperform" rating and set a $210.00 target price on shares of Electronic Arts in a research report on Monday, August 25th. UBS Group set a $167.00 target price on Electronic Arts and gave the stock a "neutral" rating in a research report on Friday, August 1st. Finally, Citigroup reaffirmed a "neutral" rating and set a $153.00 target price (up from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $167.12.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total value of $171,060.00. Following the completion of the transaction, the chief financial officer owned 15,140 shares in the company, valued at $2,589,848.40. This represents a 6.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $171.69, for a total value of $429,225.00. Following the completion of the transaction, the insider owned 55,592 shares of the company's stock, valued at $9,544,590.48. This trade represents a 4.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,400 shares of company stock worth $4,555,562. Company insiders own 0.24% of the company's stock.

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.

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