Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 2,100 Shares of Electronic Arts Inc. $EA

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Electronic Arts Inc. by 2.3% during Q1, holding 88,739 shares valued at approximately $12.8 million.
• Insider selling includes notable transactions from EVP Jacob J. Schatz and CEO Andrew Wilson, where Schatz sold 1,500 shares and Wilson sold 5,000 shares, indicating a decrease in insider ownership.
• Analysts have boosted their price targets for Electronic Arts, with Benchmark raising it to $180 and Oppenheimer to $185, reflecting a generally optimistic outlook.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,739 shares of the game software company's stock after selling 2,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Electronic Arts were worth $12,825,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Putney Financial Group LLC bought a new stake in Electronic Arts during the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts during the first quarter worth about $28,000. Bank of Jackson Hole Trust boosted its stake in shares of Electronic Arts by 56.4% in 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 during the period. LGT Financial Advisors LLC purchased a new stake in shares of Electronic Arts during the 4th quarter worth $33,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Electronic Arts during the 1st quarter worth approximately $39,000. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EA. Wall Street Zen cut shares of Electronic Arts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the company an "equal weight" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. upped their target price on shares of Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Oppenheimer upped their target price on shares of Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, UBS Group set a $167.00 price objective on shares of Electronic Arts and gave the stock a "neutral" rating in a report on Friday, August 1st. Sixteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $167.12.

Electronic Arts Price Performance

NASDAQ EA traded down $4.34 during midday trading on Friday, hitting $174.67. The company had a trading volume of 3,428,521 shares, compared to its average volume of 3,456,104. 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 Inc. has a twelve month low of $115.21 and a twelve month high of $180.90. The company has a market capitalization of $43.70 billion, a PE ratio of 43.78, a P/E/G ratio of 2.25 and a beta of 0.72. The firm has a 50-day moving average price of $156.13 and a 200-day moving average price of $146.24.

Electronic Arts Dividend Announcement

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

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $159.53, for a total value of $159,530.00. Following the transaction, the insider directly owned 37,131 shares of the company's stock, valued at $5,923,508.43. The trade was a 2.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $151.32, for a total value of $151,320.00. Following the completion of the transaction, the chief financial officer directly owned 14,533 shares in the company, valued at $2,199,133.56. This represents a 6.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,229 shares of company stock worth $4,452,664 over the last three months. 0.24% of the stock is owned by corporate insiders.

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.