Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Position in Electronic Arts Inc. (NASDAQ:EA)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,839 shares of the game software company’s stock after selling 2,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Electronic Arts were worth $13,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EA. International Assets Investment Management LLC purchased a new position in Electronic Arts during the third quarter valued at $3,313,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Electronic Arts by 27.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,605 shares of the game software company’s stock worth $374,000 after acquiring an additional 556 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Electronic Arts by 5.7% in the third quarter. Assenagon Asset Management S.A. now owns 86,368 shares of the game software company’s stock worth $12,389,000 after acquiring an additional 4,689 shares during the period. Dakota Wealth Management purchased a new stake in shares of Electronic Arts during the third quarter worth about $942,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Electronic Arts by 20.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,086 shares of the game software company’s stock valued at $13,176,000 after purchasing an additional 15,576 shares during the period. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citigroup dropped their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Stifel Nicolaus cut their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Wedbush reissued an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Finally, Oppenheimer cut their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $154.55.

Electronic Arts Trading Up 0.7 %

EA stock opened at $130.93 on Monday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The stock has a market capitalization of $34.12 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $137.09 and its two-hundred day simple moving average is $146.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. Electronic Arts’s payout ratio is 19.34%.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. This represents a 9.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. This trade represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,500 shares of company stock valued at $3,593,095. 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.