Nordea Investment Management AB Has $24.85 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Nordea Investment Management AB boosted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,083 shares of the game software company's stock after acquiring an additional 9,580 shares during the quarter. Nordea Investment Management AB owned 0.06% of Electronic Arts worth $24,845,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter valued at $25,000. Reston Wealth Management LLC acquired a new position in Electronic Arts in the third quarter valued at about $36,000. Bruce G. Allen Investments LLC grew its stake in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company's stock worth $39,000 after buying an additional 166 shares during the last quarter. Larson Financial Group LLC increased its holdings 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 buying an additional 70 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Electronic Arts by 9,280.0% in the fourth quarter. Versant Capital Management Inc now owns 469 shares of the game software company's stock valued at $69,000 after acquiring an additional 464 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on EA. Wedbush restated an "outperform" rating and issued a $170.00 price objective on shares of Electronic Arts in a research report on Friday, October 25th. Argus raised their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. UBS Group upped their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Robert W. Baird lifted their target price on Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. dropped their target price on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $165.37.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total transaction of $217,080.00. Following the transaction, the executive vice president now owns 24,860 shares in the company, valued at approximately $3,597,739.20. This trade represents a 5.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares of the company's stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock worth $3,639,565 over the last 90 days. Company insiders own 0.22% of the company's stock.

Electronic Arts Stock Down 0.3 %

Shares of NASDAQ EA traded down $0.47 during trading hours on Thursday, hitting $144.20. The company had a trading volume of 2,324,007 shares, compared to its average volume of 1,768,932. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. 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's 50 day moving average is $157.09 and its 200-day moving average is $148.96. The stock has a market capitalization of $37.82 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.06 and a beta of 0.79.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts's dividend payout ratio (DPR) is presently 19.54%.

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.