Electronic Arts Inc. (NASDAQ:EA) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,453 shares of the game software company's stock after selling 13,577 shares during the quarter. E. Ohman J or Asset Management AB owned about 0.07% of Electronic Arts worth $24,923,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EA. Huntington National Bank boosted its position in Electronic Arts by 31.4% in the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after buying an additional 80,968 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Electronic Arts by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock valued at $213,089,000 after buying an additional 36,153 shares during the last quarter. Fisher Funds Management LTD purchased a new stake in Electronic Arts in the fourth quarter valued at approximately $3,730,000. Nomura Holdings Inc. boosted its position in Electronic Arts by 11.7% in the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock valued at $4,566,000 after buying an additional 3,259 shares during the last quarter. Finally, Portfolio Design Labs LLC boosted its position in Electronic Arts by 18.8% in the fourth quarter. Portfolio Design Labs LLC now owns 25,065 shares of the game software company's stock valued at $3,667,000 after buying an additional 3,968 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the insider now directly owns 26,216 shares of the company's stock, valued at $3,801,320. This trade represents a 3.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the sale, the chief executive officer now directly owns 32,615 shares of the company's stock, valued at $4,647,637.50. This trade represents a 13.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,729 shares of company stock valued at $4,107,664. 0.22% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EA shares. Benchmark upped their target price on Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Ascendiant Capital Markets upped their price objective on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. UBS Group upped their price objective on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Citigroup restated a "neutral" rating and issued a $153.00 price objective (up previously from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. upped their price objective on Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Electronic Arts currently has an average rating of "Hold" and a consensus target price of $161.88.

Electronic Arts Price Performance

NASDAQ EA traded up $1.69 during mid-day trading on Friday, hitting $149.57. The stock had a trading volume of 2,783,740 shares, compared to its average volume of 2,748,509. The firm's 50 day moving average is $145.91 and its 200 day moving average is $143.91. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $37.51 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 3.58 and a beta of 0.71.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's dividend payout ratio is currently 17.92%.

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.