KLP Kapitalforvaltning AS Acquires New Position in Electronic Arts Inc. (NASDAQ:EA)

KLP Kapitalforvaltning AS purchased a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 126,933 shares of the game software company's stock, valued at approximately $18,570,000.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. raised its position in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after acquiring an additional 117 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts in the 4th quarter worth $32,000. Millstone Evans Group LLC bought a new position in Electronic Arts in the 4th quarter worth $37,000. SBI Securities Co. Ltd. purchased a new position in Electronic Arts during the fourth quarter valued at $41,000. Finally, Larson Financial Group LLC grew its holdings in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after purchasing an additional 70 shares during the period. Institutional investors own 90.23% of the company's stock.

Insider Activity at Electronic Arts

In related news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total transaction of $148,180.00. Following the completion of the sale, the chief financial officer now owns 8,750 shares of the company's stock, valued at $1,296,575. This represents a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares of the company's stock, valued at approximately $6,080,308.20. This trade represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $3,166,740 over the last ninety days. 0.22% of the stock is owned by company insiders.

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Electronic Arts Trading Down 0.0 %

EA traded down $0.05 during trading on Tuesday, hitting $144.50. 2,382,008 shares of the stock were exchanged, compared to its average volume of 2,408,942. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50 day simple moving average of $132.86 and a 200 day simple moving average of $144.61. The firm has a market cap of $37.66 billion, a price-to-earnings ratio of 36.77, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (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%. As a group, equities analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts's dividend payout ratio is presently 19.34%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EA. Ascendiant Capital Markets raised their price objective on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. StockNews.com cut shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. DA Davidson initiated coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price target for the company. Benchmark raised their price objective on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Monday. Finally, BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price on the stock. in a research note on Monday, January 27th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $155.65.

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.