Tredje AP fonden Raises Stake in Electronic Arts Inc. (NASDAQ:EA)

Tredje AP fonden lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 27.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,100 shares of the game software company’s stock after buying an additional 16,047 shares during the quarter. Tredje AP fonden’s holdings in Electronic Arts were worth $10,987,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Electronic Arts by 1,901.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,771 shares of the game software company’s stock worth $4,941,000 after purchasing an additional 32,084 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Electronic Arts by 13.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,890 shares of the game software company’s stock valued at $1,008,000 after acquiring an additional 843 shares during the last quarter. Summit X LLC acquired a new position in shares of Electronic Arts during the 4th quarter valued at about $206,000. Moors & Cabot Inc. increased its position in Electronic Arts by 4.9% during the 4th quarter. Moors & Cabot Inc. now owns 2,494 shares of the game software company’s stock worth $365,000 after purchasing an additional 116 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its position in Electronic Arts by 2.3% during the 4th quarter. Wealthfront Advisers LLC now owns 22,034 shares of the game software company’s stock worth $3,189,000 after purchasing an additional 501 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the transaction, the insider now directly owns 29,216 shares in the company, valued at approximately $4,311,405.12. This trade represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer now owns 47,615 shares of the company’s stock, valued at $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,500 shares of company stock valued at $3,428,645. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EA has been the subject of several recent research reports. Robert W. Baird lowered their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Bank of America raised their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Oppenheimer lowered their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Finally, DA Davidson started coverage on Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 target price on the stock. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $154.78.

Electronic Arts Trading Up 1.2 %

NASDAQ:EA opened at $137.72 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a market cap of $35.89 billion, a P/E ratio of 35.04, a P/E/G ratio of 3.58 and a beta of 0.78. The stock’s fifty day moving average price is $133.17 and its two-hundred day moving average price is $145.03.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.55%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

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.