Tredje AP fonden Raises Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Tredje AP fonden increased its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 27.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,100 shares of the game software company's stock after purchasing an additional 16,047 shares during the quarter. Tredje AP fonden's holdings in Electronic Arts were worth $10,987,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Los Angeles Capital Management LLC boosted its position in Electronic Arts by 353.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after purchasing an additional 989,319 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Electronic Arts by 51.5% in the 4th 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 period. Caisse DE Depot ET Placement DU Quebec grew its stake in Electronic Arts by 8,503.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock valued at $45,626,000 after buying an additional 314,388 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Electronic Arts during the 4th quarter valued at $34,334,000. Finally, Huntington National Bank lifted its position in shares of Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock worth $36,993,000 after acquiring an additional 234,098 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

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Electronic Arts Trading Down 0.7 %

NASDAQ EA traded down $1.03 during trading on Tuesday, hitting $141.87. 2,728,437 shares of the company's stock traded hands, compared to its average volume of 2,385,855. The stock has a fifty day moving average of $132.81 and a two-hundred day moving average of $144.80. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a market cap of $36.97 billion, a P/E ratio of 36.10, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings results 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%. As a group, sell-side analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts's dividend payout ratio is currently 19.34%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EA shares. Bank of America lifted their price target on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Raymond James cut Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Wedbush restated an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. Stifel Nicolaus decreased their target price on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Finally, Citigroup cut their price target on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $154.78.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the sale, the chief executive officer now owns 47,615 shares of the company's stock, valued at $7,047,020. This trade represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction 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 in the company, valued at approximately $1,296,575. This trade represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $3,194,240 in the last quarter. Company insiders own 0.22% of the company's stock.

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.