Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in Electronic Arts Inc. $EA

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly increased its stake in Electronic Arts by 237.0% during Q2, now owning approximately 151,513 shares valued at about $24.2 million.
• Electronic Arts recently announced a quarterly dividend of $0.19 per share, translating to an annual yield of 0.4%.
• Analysts have varying target prices for Electronic Arts stock, with a consensus average target price of $167.12 and ratings ranging from "Strong Buy" to "Hold."

Livforsakringsbolaget Skandia Omsesidigt increased its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 237.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,513 shares of the game software company's stock after purchasing an additional 106,550 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned 0.06% of Electronic Arts worth $24,197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new stake in shares of Electronic Arts in the 4th quarter worth about $26,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts in the first quarter worth about $28,000. Bank of Jackson Hole Trust increased its stake in shares of Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after purchasing an additional 75 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Electronic Arts during the first quarter valued at approximately $39,000. Finally, American National Bank & Trust bought a new stake in shares of Electronic Arts in the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

Shares of EA traded down $0.42 during mid-day trading on Thursday, hitting $173.17. 2,354,019 shares of the company traded hands, compared to its average volume of 3,376,934. The stock has a market cap of $43.33 billion, a price-to-earnings ratio of 43.40, a P/E/G ratio of 2.61 and a beta of 0.75. The stock has a 50-day moving average price of $164.16 and a two-hundred day moving average price of $152.55. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $180.90. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts's dividend payout ratio is presently 19.05%.

Analyst Upgrades and Downgrades

EA has been the subject of a number of analyst reports. Wall Street Zen lowered Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the company an "equal weight" rating in a report on Monday, July 28th. Robert W. Baird lifted their price target on Electronic Arts from $168.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Bank of America increased their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, Citigroup restated a "neutral" rating and set a $153.00 price objective (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $167.40.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total value of $429,225.00. Following the transaction, the insider directly owned 55,592 shares of the company's stock, valued at approximately $9,544,590.48. This trade represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $152.21, for a total transaction of $761,050.00. Following the sale, the chief executive officer directly owned 57,393 shares of the company's stock, valued at $8,735,788.53. The trade was a 8.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,800 shares of company stock valued at $4,967,210. Corporate insiders own 0.24% of the company's stock.

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.