Electronic Arts Inc. $EA Shares Sold by Danske Bank A S

Danske Bank A S cut its position in Electronic Arts Inc. (NASDAQ:EA) by 38.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,109 shares of the game software company’s stock after selling 81,183 shares during the quarter. Danske Bank A S’s holdings in Electronic Arts were worth $26,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. grew its stake in shares of Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after buying an additional 69 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Electronic Arts in the third quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Electronic Arts by 131.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after buying an additional 95 shares in the last quarter. Salomon & Ludwin LLC grew its stake in shares of Electronic Arts by 32.8% in the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after buying an additional 57 shares in the last quarter. Finally, Tidemark LLC acquired a new stake in shares of Electronic Arts in the third quarter valued at $50,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EA. Citigroup dropped their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and a consensus target price of $188.30.

Insider Buying and Selling

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total transaction of $498,825.00. Following the completion of the sale, the insider directly owned 48,343 shares of the company’s stock, valued at $9,645,878.79. The trade was a 4.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $999,750.00. Following the sale, the chief executive officer directly owned 28,858 shares of the company’s stock, valued at $5,770,157.10. This trade represents a 14.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 27,600 shares of company stock valued at $5,544,159. Company insiders own 0.24% of the company’s stock.

Electronic Arts Trading Down 0.1%

EA opened at $202.09 on Friday. Electronic Arts Inc. has a 12 month low of $141.19 and a 12 month high of $204.88. The stock has a market capitalization of $50.57 billion, a price-to-earnings ratio of 75.97, a PEG ratio of 2.17 and a beta of 0.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The business has a fifty day moving average price of $201.84 and a 200 day moving average price of $202.18.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.