Avanza Fonder AB Invests $2.67 Million in Electronic Arts Inc. (NASDAQ:EA)

Avanza Fonder AB acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,253 shares of the game software company's stock, valued at approximately $2,670,000.

Other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after acquiring an additional 70 shares during the period. Claro Advisors LLC increased its position in Electronic Arts by 3.4% during the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after purchasing an additional 75 shares during the period. Prime Capital Investment Advisors LLC raised its stake in shares of Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock worth $225,000 after buying an additional 76 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock valued at $708,000 after buying an additional 83 shares in the last quarter. Finally, Shepherd Financial Partners LLC grew its holdings in Electronic Arts by 1.6% during the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company's stock worth $816,000 after acquiring an additional 88 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Trading Up 0.4 %

Shares of EA stock traded up $0.60 during mid-day trading on Friday, reaching $142.00. The company's stock had a trading volume of 4,006,080 shares, compared to its average volume of 1,721,212. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $37.24 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 1.84 and a beta of 0.80. The company's 50 day simple moving average is $155.38 and its 200-day simple moving average is $149.04. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts's dividend payout ratio is currently 19.54%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now owns 23,386 shares of the company's stock, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,500 shares of company stock valued at $3,637,660. Corporate insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EA. Benchmark restated a "buy" rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. DZ Bank raised Electronic Arts from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. BNP Paribas raised Electronic Arts to a "strong-buy" rating in a report on Wednesday, October 9th. Argus boosted their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus restated a "hold" rating and set a $167.00 target price on shares of Electronic Arts in a report on Wednesday, December 18th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $165.37.

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.