Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 21.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,263 shares of the game software company's stock after selling 16,872 shares during the period. Handelsbanken Fonder AB's holdings in Electronic Arts were worth $8,709,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC grew its position in Electronic Arts by 353.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after buying an additional 989,319 shares during the period. FMR LLC increased its stake in Electronic Arts by 224.8% in the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock valued at $176,709,000 after purchasing an additional 835,985 shares in the last quarter. Royal Bank of Canada increased its holdings in Electronic Arts by 130.0% during the 4th quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company's stock valued at $175,758,000 after acquiring an additional 679,032 shares in the last quarter. GAMMA Investing LLC increased its position in Electronic Arts by 11,587.9% during the first quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock worth $96,737,000 after buying an additional 663,640 shares in the last quarter. Finally, Norges Bank acquired a new stake in Electronic Arts during the fourth quarter worth approximately $96,698,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

Shares of NASDAQ EA traded down $1.57 during mid-day trading on Friday, hitting $148.48. The company had a trading volume of 1,703,905 shares, compared to its average volume of 2,752,089. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a market capitalization of $37.23 billion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 3.58 and a beta of 0.71. The stock's 50-day moving average price is $146.56 and its 200-day moving average price is $143.40.

Electronic Arts Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EA. DA Davidson began coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price target on the stock. Hsbc Global Res raised Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Moffett Nathanson reiterated a "neutral" rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, May 7th. The Goldman Sachs Group raised their target price on Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, TD Cowen increased their price objective on shares of Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $161.88.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the transaction, the insider now owns 26,216 shares of the company's stock, valued at approximately $3,801,320. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the transaction, the chief executive officer now owns 32,615 shares of the company's stock, valued at $4,647,637.50. This represents a 13.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,729 shares of company stock worth $4,107,664. 0.22% of the stock is currently owned by 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.