Tredje AP fonden Has $10.99 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Tredje AP fonden raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 27.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,100 shares of the game software company’s stock after acquiring an additional 16,047 shares during the quarter. Tredje AP fonden’s holdings in Electronic Arts were worth $10,987,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EA. Larson Financial Group LLC raised its position in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the period. Claro Advisors LLC increased its position in Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after acquiring an additional 75 shares during the period. Prime Capital Investment Advisors LLC increased its position in Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after acquiring an additional 76 shares during the period. Parkside Financial Bank & Trust increased its position in Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after acquiring an additional 81 shares during the period. Finally, Ballentine Partners LLC increased its holdings in Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after buying an additional 82 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Electronic Arts stock opened at $137.72 on Friday. The firm has a 50-day moving average price of $133.17 and a 200-day moving average price of $145.03. The firm has a market capitalization of $35.89 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. Electronic Arts’s payout ratio is 19.34%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $156.27, for a total transaction of $234,405.00. Following the transaction, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the sale, the chief financial officer now owns 9,516 shares of the company’s stock, valued at $1,238,126.76. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,500 shares of company stock worth $3,428,645. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EA has been the topic of several recent analyst reports. DA Davidson assumed coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 target price on the stock. Roth Mkm reduced their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a report on Monday, January 27th. Wedbush restated an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Finally, Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $154.78.

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.