Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Swedbank AB

Swedbank AB increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,607,817 shares of the game software company's stock after acquiring an additional 95,190 shares during the period. Swedbank AB owned about 0.61% of Electronic Arts worth $235,224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in Electronic Arts by 0.4% during the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company's stock worth $954,358,000 after buying an additional 26,505 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Electronic Arts by 51.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company's stock worth $160,893,000 after buying an additional 373,730 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Electronic Arts by 28.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company's stock worth $134,969,000 after buying an additional 206,623 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Electronic Arts by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company's stock valued at $124,548,000 after purchasing an additional 66,797 shares during the last quarter. Finally, abrdn plc lifted its holdings in Electronic Arts by 59.2% during the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company's stock valued at $123,484,000 after purchasing an additional 319,335 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Up 0.5 %

NASDAQ EA traded up $0.57 during trading hours on Wednesday, reaching $117.10. 4,315,853 shares of the company's stock traded hands, compared to its average volume of 3,928,381. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $30.71 billion, a PE ratio of 30.10, a PEG ratio of 1.87 and a beta of 0.80. The firm has a 50-day simple moving average of $149.52 and a 200 day simple moving average of $148.30. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 52,615 shares of the company's stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock worth $3,986,385 over the last 90 days. Corporate insiders own 0.22% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on EA shares. Stifel Nicolaus decreased their price target on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Bank of America cut Electronic Arts from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $170.00 to $130.00 in a report on Thursday, January 23rd. Robert W. Baird dropped their price target on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. Wedbush restated an "outperform" rating and issued a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. Finally, Benchmark restated a "buy" rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, October 30th. Twelve equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $158.05.

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.