Livforsakringsbolaget Skandia Omsesidigt cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 14.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,963 shares of the game software company's stock after selling 7,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Electronic Arts were worth $6,497,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Huntington National Bank grew its holdings in Electronic Arts by 31.4% during the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock worth $49,577,000 after acquiring an additional 80,968 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock worth $213,089,000 after acquiring an additional 36,153 shares during the last quarter. Fisher Funds Management LTD bought a new stake in shares of Electronic Arts in the 4th quarter valued at $3,730,000. Nomura Holdings Inc. boosted its stake in shares of Electronic Arts by 11.7% in the 4th quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock valued at $4,566,000 after purchasing an additional 3,259 shares during the last quarter. Finally, Portfolio Design Labs LLC boosted its stake in shares of Electronic Arts by 18.8% in the 4th quarter. Portfolio Design Labs LLC now owns 25,065 shares of the game software company's stock valued at $3,667,000 after purchasing an additional 3,968 shares during the last quarter. 90.23% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on EA. Oppenheimer upped their price objective on shares of Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. UBS Group upped their price objective on shares of Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wedbush upped their price objective on shares of Electronic Arts from $179.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Roth Capital reaffirmed a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, May 7th. Finally, Hsbc Global Res raised shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Fifteen 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $161.88.
Get Our Latest Stock Report on Electronic Arts
Electronic Arts Stock Down 1.0%
EA traded down $1.57 during trading on Friday, hitting $148.48. 1,703,905 shares of the company's stock were exchanged, compared to its average volume of 2,755,660. The business's 50 day moving average is $146.88 and its two-hundred day moving average is $143.29. The stock has a market cap of $37.23 billion, a P/E ratio of 37.78, a PEG ratio of 3.58 and a beta of 0.71. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.
Electronic Arts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. Electronic Arts's dividend payout ratio is currently 17.92%.
Insider Activity
In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the transaction, the chief executive officer now owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. The trade was a 13.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,729 shares of company stock worth $4,107,664 over the last quarter. Insiders own 0.22% of the company's stock.
Electronic Arts Company Profile
(
Free Report)
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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