Swedbank AB Buys 5,089 Shares of Electronic Arts Inc. $EA

Key Points

• Swedbank AB increased its stake in Electronic Arts Inc. by 0.4%, purchasing an additional 5,089 shares, bringing its total ownership to approximately 1,329,676 shares valued at $212.35 million.
• Analysts have recently given Electronic Arts a "Moderate Buy" rating with an average target price of $167.40, with notable upgrades from Arete and Bank of America.
• The company recently declared a quarterly dividend of $0.19, yielding an annualized rate of 0.4% and maintaining a payout ratio of 19.05%.

Swedbank AB raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,329,676 shares of the game software company's stock after acquiring an additional 5,089 shares during the period. Swedbank AB owned about 0.53% of Electronic Arts worth $212,349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EA. Ameriprise Financial Inc. grew its position in Electronic Arts by 197.5% during the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock valued at $421,524,000 after acquiring an additional 1,936,313 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Electronic Arts during the first quarter valued at approximately $225,102,000. Nuveen LLC purchased a new stake in shares of Electronic Arts during the first quarter valued at approximately $203,537,000. Goldman Sachs Group Inc. boosted its stake in shares of Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after purchasing an additional 1,254,194 shares during the period. Finally, ING Groep NV boosted its stake in shares of Electronic Arts by 3,477.8% during the first quarter. ING Groep NV now owns 1,163,747 shares of the game software company's stock valued at $168,185,000 after purchasing an additional 1,131,220 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total transaction of $222,480.00. Following the completion of the transaction, the executive vice president owned 28,448 shares of the company's stock, valued at approximately $4,219,407.36. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $155.49, for a total value of $388,725.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,800 shares of company stock worth $4,214,010. Corporate insiders own 0.24% of the company's stock.

Electronic Arts Stock Down 0.0%

Electronic Arts stock traded down $0.08 on Friday, hitting $173.09. 8,435,199 shares of the stock traded hands, compared to its average volume of 2,211,893. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The firm has a market cap of $43.31 billion, a P/E ratio of 43.38, a price-to-earnings-growth ratio of 2.63 and a beta of 0.75. The business's fifty day simple moving average is $165.08 and its 200 day simple moving average is $153.27. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $180.90.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts's dividend payout ratio (DPR) is currently 19.05%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EA. UBS Group set a $167.00 price objective on Electronic Arts and gave the company a "neutral" rating in a research note on Friday, August 1st. Wall Street Zen lowered Electronic Arts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Arete raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price target for the company in a research note on Tuesday, August 5th. Arete Research set a $192.00 price target on Electronic Arts in a research note on Tuesday, August 5th. Finally, Robert W. Baird raised their price target on Electronic Arts from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $167.40.

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.