Tredje AP fonden Buys New Stake in Electronic Arts Inc. $EA

Tredje AP fonden purchased a new position in Electronic Arts Inc. (NASDAQ:EAFree Report) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 100,193 shares of the game software company’s stock, valued at approximately $20,209,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MTM Investment Management LLC bought a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $30,000. Oakworth Capital Inc. acquired a new stake in Electronic Arts in the 3rd quarter valued at $30,000. NewSquare Capital LLC grew its position in Electronic Arts by 67.5% in the second 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 during the period. E Fund Management Hong Kong Co. Ltd. grew its position in 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 acquiring an additional 95 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Electronic Arts during the second quarter worth $37,000. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $510,275.00. Following the sale, the insider directly owned 53,148 shares in the company, valued at $10,848,038.28. This trade represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $1,020,550.00. Following the transaction, the chief executive officer directly owned 43,858 shares in the company, valued at approximately $8,951,856.38. This represents a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,600 shares of company stock worth $5,589,823 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Up 0.3%

NASDAQ EA opened at $200.40 on Friday. The stock has a market capitalization of $50.15 billion, a P/E ratio of 75.34, a price-to-earnings-growth ratio of 2.41 and a beta of 0.74. Electronic Arts Inc. has a 52 week low of $128.02 and a 52 week high of $204.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a fifty day moving average of $203.11 and a 200-day moving average of $193.88.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

More Electronic Arts News

Here are the key news stories impacting Electronic Arts this week:

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EA shares. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Citigroup decreased their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Finally, Argus set a $210.00 price objective on Electronic Arts in a research report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $186.95.

View Our Latest Research Report on EA

About Electronic Arts

(Free Report)

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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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