Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 3,200 Shares of Electronic Arts Inc. $EA

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.6% in the second quarter, Holdings Channel reports. The fund owned 91,939 shares of the game software company’s stock after buying an additional 3,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Electronic Arts were worth $14,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Salomon & Ludwin LLC grew its position in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the last quarter. Frazier Financial Advisors LLC boosted its stake in Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares during the period. Bank of Jackson Hole Trust boosted its stake in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares during the period. ORG Partners LLC boosted its position in shares of Electronic Arts by 47.6% in the second quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock valued at $40,000 after acquiring an additional 81 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of Electronic Arts in the first quarter valued at approximately $39,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EA has been the subject of several research reports. Morgan Stanley increased their price objective on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Zacks Research raised shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Argus increased their price target on shares of Electronic Arts from $180.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. HSBC cut shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price for the company. in a research note on Monday, September 29th. Finally, TD Cowen cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average target price of $179.38.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $244,080.00. Following the completion of the transaction, the insider owned 33,531 shares in the company, valued at $6,820,205.40. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $171.52, for a total value of $205,824.00. Following the transaction, the executive vice president owned 26,080 shares of the company’s stock, valued at $4,473,241.60. This trade represents a 4.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 41,900 shares of company stock valued at $7,748,187. 0.24% of the stock is owned by company insiders.

Electronic Arts Price Performance

NASDAQ:EA opened at $200.30 on Wednesday. The company has a 50-day moving average of $184.46 and a 200-day moving average of $163.83. The company has a market capitalization of $50.12 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 3.05 and a beta of 0.77. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $203.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

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.