Forsta AP Fonden Has $13.06 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Forsta AP Fonden reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,700 shares of the game software company’s stock after selling 2,600 shares during the quarter. Forsta AP Fonden’s holdings in Electronic Arts were worth $13,055,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EA. Private Advisor Group LLC raised its stake in shares of Electronic Arts by 212.6% in the 4th quarter. Private Advisor Group LLC now owns 3,041 shares of the game software company’s stock valued at $416,000 after buying an additional 5,742 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Electronic Arts in the 4th quarter valued at $227,000. Johnson Investment Counsel Inc. acquired a new position in shares of Electronic Arts in the 4th quarter valued at $202,000. Jump Financial LLC raised its stake in shares of Electronic Arts by 118.2% in the 4th quarter. Jump Financial LLC now owns 7,042 shares of the game software company’s stock valued at $963,000 after buying an additional 3,815 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Electronic Arts by 13.1% in the 4th quarter. Ieq Capital LLC now owns 4,708 shares of the game software company’s stock valued at $644,000 after buying an additional 546 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EA shares. Oppenheimer increased their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Roth Mkm increased their price objective on shares of Electronic Arts from $135.00 to $152.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Jefferies Financial Group began coverage on shares of Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price on the stock. Citigroup lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and upped their target price for the stock from $148.00 to $161.00 in a report on Monday, July 15th. Finally, Wedbush upped their target price on shares of Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.28.

Electronic Arts Stock Up 0.7 %

Shares of NASDAQ:EA opened at $144.75 on Friday. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $153.51. The company’s 50-day moving average price is $146.11 and its two-hundred day moving average price is $137.61. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The firm has a market cap of $38.47 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.16 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. As a group, research analysts forecast that Electronic Arts Inc. will post 5.88 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts’s payout ratio is presently 16.24%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.32, for a total value of $223,980.00. Following the sale, the executive vice president now directly owns 27,860 shares in the company, valued at approximately $4,160,055.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the completion of the sale, the insider now owns 30,190 shares in the company, valued at $4,579,823. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,070 shares of company stock worth $3,963,638. Company insiders own 0.22% of the company’s stock.

Electronic Arts Company 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.