Swedbank AB Has $191.43 Million Stock Position in Electronic Arts Inc. $EA

Key Points

• Swedbank AB has reduced its stake in Electronic Arts Inc. by 17.6%, owning 1,324,587 shares valued at approximately $191.43 million.
• The stock of Electronic Arts opened at $169.89 with a market cap of $42.51 billion, and it has experienced a 12-month trading range between $115.21 and $180.90.
• The company announced a quarterly dividend of $0.19 per share, reflecting a 0.4% dividend yield, with the ex-dividend date set for August 27th.

Swedbank AB trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 17.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,324,587 shares of the game software company's stock after selling 283,230 shares during the quarter. Swedbank AB owned 0.53% of Electronic Arts worth $191,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Putney Financial Group LLC acquired a new stake in Electronic Arts during the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 1st quarter worth approximately $28,000. Bank of Jackson Hole Trust boosted its holdings in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after acquiring an additional 75 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Electronic Arts in the 1st quarter worth approximately $39,000. Finally, American National Bank & Trust acquired a new position in shares of Electronic Arts in the 1st quarter worth approximately $40,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Price Performance

EA opened at $169.89 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $180.90. The company has a fifty day simple moving average of $162.64 and a 200 day simple moving average of $151.40. The stock has a market cap of $42.51 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.20 and a beta of 0.75.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio (DPR) is presently 19.05%.

Analyst Ratings Changes

Several brokerages have recently commented on EA. DA Davidson boosted their target price on Electronic Arts from $150.00 to $160.00 and gave the stock a "neutral" rating in a report on Monday, August 11th. Arete Research set a $192.00 price objective on Electronic Arts in a report on Tuesday, August 5th. Bank of America upped their price objective on Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Argus set a $170.00 target price on shares of Electronic Arts in a research report on Friday, May 16th. Finally, Wells Fargo & Company set a $168.00 target price on shares of Electronic Arts and gave the company an "equal weight" rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $167.12.

Insider Buying and Selling

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $148.69, for a total value of $223,035.00. Following the completion of the transaction, the executive vice president owned 29,948 shares in the company, valued at $4,452,968.12. This trade represents a 4.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $155.49, for a total value of $388,725.00. Following the completion of the transaction, the insider owned 58,092 shares of the company's stock, valued at $9,032,725.08. The trade was a 4.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,900 shares of company stock worth $4,778,597 over the last 90 days. 0.24% of the stock is currently owned by insiders.

About Electronic Arts

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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