Swedbank AB Grows Position in Electronic Arts Inc. $EA

Swedbank AB raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.2% during the third quarter, HoldingsChannel reports. The firm owned 1,346,183 shares of the game software company’s stock after purchasing an additional 16,507 shares during the period. Swedbank AB’s holdings in Electronic Arts were worth $271,525,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EA. Salomon & Ludwin LLC boosted its stake in shares of Electronic Arts by 70.1% during 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 in the last quarter. MTM Investment Management LLC bought a new position in Electronic Arts in the second quarter worth approximately $30,000. Frazier Financial Advisors LLC lifted its holdings in Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after buying an additional 148 shares during the period. NewSquare Capital LLC boosted its position in Electronic Arts by 67.5% during the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after acquiring an additional 79 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Electronic Arts during the 2nd quarter valued at $37,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

EA opened at $204.27 on Wednesday. The company has a market cap of $51.09 billion, a P/E ratio of 59.73, a price-to-earnings-growth ratio of 2.44 and a beta of 0.76. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $201.86 and its 200-day moving average price is $179.27. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $204.64.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. As a group, equities analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is 22.22%.

Insider Transactions at Electronic Arts

In related news, CFO Stuart Canfield sold 6,500 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the completion of the transaction, the chief financial officer owned 5,140 shares in the company, valued at $1,045,476. This trade represents a 55.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $201.06, for a total value of $502,650.00. Following the sale, the insider owned 55,648 shares in the company, valued at approximately $11,188,586.88. The trade was a 4.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 136,169 shares of company stock valued at $27,378,636 in the last quarter. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on EA. HSBC lowered Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price target for the company. in a research report on Monday, September 29th. Argus set a $210.00 target price on Electronic Arts in a research note on Thursday, October 30th. Robert W. Baird reissued a “neutral” rating and set a $210.00 price target (up from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Baird R W cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, BMO Capital Markets boosted their price objective on shares of Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 30th. Four analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average price target of $181.21.

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.