Livforsakringsbolaget Skandia Omsesidigt Has $5.61 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,990 shares of the game software company’s stock after purchasing an additional 161 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Electronic Arts were worth $5,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after purchasing an additional 3,600,388 shares during the period. Norges Bank bought a new stake in Electronic Arts during the fourth quarter worth $270,382,000. Morgan Stanley increased its stake in shares of Electronic Arts by 62.1% during the 4th quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock worth $390,128,000 after purchasing an additional 1,223,195 shares during the last quarter. Barclays PLC lifted its stake in Electronic Arts by 265.0% in the second quarter. Barclays PLC now owns 1,516,792 shares of the game software company’s stock valued at $196,727,000 after purchasing an additional 1,101,229 shares during the last quarter. Finally, DNB Asset Management AS grew its holdings in Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after purchasing an additional 1,064,022 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Down 0.2 %

Shares of EA stock traded down $0.24 during trading hours on Wednesday, hitting $126.31. The company had a trading volume of 1,699,167 shares, compared to its average volume of 2,052,901. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $33.77 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The company’s fifty day moving average is $135.49 and its 200 day moving average is $134.37. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the company earned $2.29 earnings per share. Electronic Arts’s quarterly revenue was up 1.0% compared to the same quarter last year. Research analysts expect that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s payout ratio is 19.14%.

Analysts Set New Price Targets

A number of research firms have weighed in on EA. UBS Group lowered their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. BMO Capital Markets started coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target on the stock. Stifel Nicolaus boosted their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Wedbush restated an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Insider Activity

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $138.88, for a total value of $347,200.00. Following the completion of the sale, the chief executive officer now owns 30,930 shares in the company, valued at $4,295,558.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $138.88, for a total transaction of $347,200.00. Following the completion of the transaction, the chief executive officer now owns 30,930 shares in the company, valued at $4,295,558.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the transaction, the insider now directly owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock valued at $5,143,560 over the last quarter. Corporate insiders own 0.20% 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.