Handelsbanken Fonder AB Reduces Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Handelsbanken Fonder AB cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 11.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 102,662 shares of the game software company's stock after selling 13,762 shares during the period. Handelsbanken Fonder AB's holdings in Electronic Arts were worth $14,045,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in EA. Bray Capital Advisors lifted its holdings in Electronic Arts by 100.0% in the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company's stock worth $26,000 after buying an additional 110 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company's stock worth $31,000 after purchasing an additional 102 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth about $38,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth about $50,000. Finally, Allworth Financial LP increased its position in shares of Electronic Arts by 36.5% in the 4th quarter. Allworth Financial LP now owns 464 shares of the game software company's stock worth $63,000 after purchasing an additional 124 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Trading Up 0.8 %

Shares of EA traded up $1.00 on Wednesday, reaching $128.14. 1,483,253 shares of the company's stock were exchanged, compared to its average volume of 2,016,861. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $34.26 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The business has a 50 day moving average price of $134.00 and a two-hundred day moving average price of $134.53. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates of $2.45 by ($1.38). The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $2.29 earnings per share. Research analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Tuesday, February 27th. Electronic Arts's dividend payout ratio is currently 19.14%.

Insider Activity

In other news, insider Jacob J. Schatz sold 1,000 shares of the company's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares in the company, valued at $2,362,397.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares in the company, valued at $2,362,397.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the transaction, the insider now owns 28,683 shares of the company's stock, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock worth $5,143,560 over the last quarter. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on EA. UBS Group lowered their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a "neutral" rating for the company in a research report on Wednesday, March 27th. BMO Capital Markets assumed coverage on Electronic Arts in a report on Tuesday, January 9th. They issued an "outperform" rating and a $160.00 target price on the stock. Benchmark reiterated a "buy" rating and set a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. Wedbush reissued an "outperform" rating and set a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, Stifel Nicolaus boosted their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 18th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.00.

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.