PFA Pension Forsikringsaktieselskab Makes New $15.34 Million Investment in Electronic Arts Inc. $EA

Key Points

• PFA Pension Forsikringsaktieselskab opened a new position in Electronic Arts, buying 75,060 shares in Q4 worth about $15.34 million.
• Wall Street sentiment is largely neutral — the consensus rating is "Hold" with an average price target of $188.30, below the recent share price near $202, and firms like Citigroup and UBS have maintained/issued neutral ratings.
• Insider activity shows selling pressure—insiders sold 27,600 shares worth $5.54 million in the past 90 days—while institutional investors own about 90.23% of EA and corporate insiders hold just 0.24%.

PFA Pension Forsikringsaktieselskab bought a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 75,060 shares of the game software company's stock, valued at approximately $15,339,000.

Other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. increased its holdings in Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company's stock worth $28,000 after purchasing an additional 69 shares in the last quarter. Oakworth Capital Inc. bought a new stake in Electronic Arts in the third quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Electronic Arts by 131.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company's stock worth $34,000 after purchasing an additional 95 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company's stock valued at $46,000 after acquiring an additional 190 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its holdings in shares of Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company's stock valued at $47,000 after acquiring an additional 57 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup decreased their price objective on Electronic Arts from $207.00 to $202.00 and set a "neutral" rating for the company in a report on Wednesday, February 4th. UBS Group restated a "neutral" rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $188.30.

Electronic Arts Stock Performance

NASDAQ EA opened at $202.09 on Monday. The company has a market cap of $50.57 billion, a price-to-earnings ratio of 75.97, a P/E/G ratio of 2.17 and a beta of 0.66. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The business has a 50 day moving average price of $201.84 and a 200-day moving average price of $202.20. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total transaction of $243,900.00. Following the transaction, the insider owned 28,760 shares of the company's stock, valued at $5,845,470. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.53, for a total value of $498,825.00. Following the transaction, the insider directly owned 48,343 shares in the company, valued at approximately $9,645,878.79. The trade was a 4.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 27,600 shares of company stock worth $5,544,159 in the last ninety days. Corporate insiders own 0.24% of the company's stock.

About Electronic Arts

Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA's product lineup spans several well-known franchises and genres.

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