Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,510 shares of the game software company's stock after selling 76,379 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Electronic Arts worth $23,518,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Erste Asset Management GmbH increased its stake in shares of Electronic Arts by 68.0% during the 4th quarter. Erste Asset Management GmbH now owns 177,568 shares of the game software company's stock valued at $26,367,000 after acquiring an additional 71,850 shares during the last quarter. Achmea Investment Management B.V. grew its holdings in shares of Electronic Arts by 29.0% during the 4th quarter. Achmea Investment Management B.V. now owns 126,147 shares of the game software company's stock worth $18,456,000 after purchasing an additional 28,352 shares during the period. Tredje AP fonden grew its holdings in shares of Electronic Arts by 27.2% during the 4th quarter. Tredje AP fonden now owns 75,100 shares of the game software company's stock worth $10,987,000 after purchasing an additional 16,047 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 during the period. Finally, Sequoia Financial Advisors LLC grew its holdings 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 worth $1,008,000 after purchasing an additional 843 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.
Insider Buying and Selling at Electronic Arts
In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total value of $130,110.00. Following the sale, the chief financial officer now directly owns 9,516 shares in the company, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,000 shares of company stock worth $3,194,240. 0.22% of the stock is owned by insiders.
Electronic Arts Stock Performance
Electronic Arts stock traded down $1.03 during mid-day trading on Tuesday, reaching $141.87. The company's stock had a trading volume of 2,728,437 shares, compared to its average volume of 2,385,855. The firm has a market cap of $36.97 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 3.58 and a beta of 0.78. The business has a 50 day moving average price of $132.81 and a 200-day moving average price of $144.80. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.
Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Sell-side analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.
Electronic Arts Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's payout ratio is 19.34%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on EA. Robert W. Baird decreased their target price 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 reiterated an "outperform" rating and set a $173.00 target price on shares of Electronic Arts in a report on Thursday, January 23rd. BMO Capital Markets decreased their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. DA Davidson started coverage on Electronic Arts in a report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price target for the company. Finally, Ascendiant Capital Markets upped their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Electronic Arts currently has a consensus rating of "Hold" and an average target price of $154.78.
Check Out Our Latest Stock Analysis on Electronic Arts
About Electronic Arts
(
Free Report)
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.
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