Electronic Arts Inc. (NASDAQ:EA) Holdings Lowered by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 11.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 102,662 shares of the game software company’s stock after selling 13,762 shares during the period. Handelsbanken Fonder AB’s holdings in Electronic Arts were worth $14,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bray Capital Advisors raised its holdings in shares of Electronic Arts by 100.0% in the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after purchasing an additional 154,989 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after purchasing an additional 102 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $38,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $50,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Performance

Shares of EA opened at $127.14 on Wednesday. The company’s 50 day moving average price is $134.30 and its 200 day moving average price is $134.57. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The company has a market capitalization of $33.99 billion, a PE ratio of 32.03, a PEG ratio of 1.76 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

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

Electronic Arts Announces Dividend

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

Analyst Ratings Changes

EA has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. BMO Capital Markets initiated coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price on the stock. UBS Group dropped their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Oppenheimer restated an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a report on Tuesday. Finally, Wedbush restated an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a report on Wednesday, January 31st. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned 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 an average target price of $147.00.

Insiders Place Their Bets

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the sale, the insider now directly owns 18,426 shares of the company’s stock, valued at $2,362,397.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $130.66, for a total transaction of $326,650.00. Following the completion of the sale, the chief executive officer now directly owns 25,930 shares of the company’s stock, valued at approximately $3,388,013.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the sale, the insider now directly owns 18,426 shares of the company’s stock, valued at $2,362,397.46. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock valued at $5,143,560 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

About Electronic Arts

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.