Forsta AP Fonden Sells 43,000 Shares of Electronic Arts Inc. $EA

Forsta AP Fonden decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 39.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 65,700 shares of the game software company’s stock after selling 43,000 shares during the quarter. Forsta AP Fonden’s holdings in Electronic Arts were worth $13,424,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EA. Ameriflex Group Inc. boosted its stake in Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares in the last quarter. Oakworth Capital Inc. bought a new position in Electronic Arts in the 3rd quarter worth about $30,000. Fideuram Asset Management Ireland dac bought a new position in Electronic Arts in the 4th quarter worth about $44,000. Geneos Wealth Management Inc. boosted its stake in Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in Electronic Arts by 32.8% in the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the transaction, the chief financial officer owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. The trade was a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew Wilson sold 5,066 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.66, for a total value of $1,021,609.56. Following the completion of the transaction, the chief executive officer directly owned 85,974 shares of the company’s stock, valued at approximately $17,337,516.84. This trade represents a 5.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 39,906 shares of company stock worth $8,032,336 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EA shares. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup upped their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Electronic Arts has an average rating of “Hold” and an average price target of $196.64.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $201.72 on Friday. Electronic Arts Inc. has a fifty-two week low of $141.19 and a fifty-two week high of $204.88. The business has a 50-day simple moving average of $202.07 and a two-hundred day simple moving average of $202.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $50.58 billion, a price-to-earnings ratio of 57.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is 21.78%.

Electronic Arts Company 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.