Electronic Arts Inc. $EA Shares Purchased by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in Electronic Arts Inc. by 12.2% during the second quarter, now holding nearly 0.07% of the company valued at approximately $27 million.
• Multiple institutional investors have raised their holdings in Electronic Arts, with Goldman Sachs reporting a 62.7% increase, resulting in a total of 90.23% of the company's stock owned by institutional investors.
• Insider transactions have resulted in sales of around 41,900 shares valued at approximately $7.5 million over the past three months, with insiders now holding only 0.24% of the company's stock.

Nordea Investment Management AB boosted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 12.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,833 shares of the game software company's stock after purchasing an additional 18,725 shares during the quarter. Nordea Investment Management AB owned about 0.07% of Electronic Arts worth $27,033,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Electronic Arts by 0.5% in the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock valued at $4,198,607,000 after acquiring an additional 150,438 shares during the period. Ninety One UK Ltd boosted its holdings in shares of Electronic Arts by 4.6% in the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company's stock valued at $695,645,000 after acquiring an additional 193,442 shares during the period. Independent Franchise Partners LLP boosted its holdings in shares of Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company's stock valued at $570,233,000 after acquiring an additional 88,767 shares during the period. Invesco Ltd. boosted its holdings in shares of Electronic Arts by 15.6% in the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company's stock valued at $539,563,000 after acquiring an additional 504,760 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after acquiring an additional 1,254,194 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $244,080.00. Following the completion of the transaction, the insider owned 33,531 shares in the company, valued at approximately $6,820,205.40. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,200 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $174.65, for a total value of $209,580.00. Following the completion of the transaction, the executive vice president owned 27,248 shares of the company's stock, valued at $4,758,863.20. The trade was a 4.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,900 shares of company stock valued at $7,506,487 in the last three months. Insiders own 0.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group set a $210.00 price objective on Electronic Arts and gave the company a "neutral" rating in a report on Tuesday, September 30th. Wedbush reiterated a "neutral" rating and issued a $200.00 target price on shares of Electronic Arts in a research note on Monday, September 29th. Jefferies Financial Group cut Electronic Arts from a "buy" rating to a "hold" rating and upped their price target for the stock from $200.00 to $210.00 in a research note on Tuesday, September 30th. BMO Capital Markets upped their price target on Electronic Arts from $166.00 to $210.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 30th. Finally, Arete upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price target for the company in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $177.00.

Electronic Arts Trading Down 0.0%

NASDAQ:EA opened at $200.30 on Friday. The stock has a fifty day moving average price of $180.90 and a two-hundred day moving average price of $160.53. The stock has a market capitalization of $50.12 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 3.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75.

Electronic Arts Dividend Announcement

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

Electronic Arts Company 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.

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