Electronic Arts Inc. $EA Stock Position Lowered by Swedbank AB

Swedbank AB decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 65.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 418,701 shares of the game software company’s stock after selling 804,746 shares during the period. Swedbank AB’s holdings in Electronic Arts were worth $85,361,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EA. Brighton Jones LLC boosted its position in shares of Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after buying an additional 294 shares during the period. Empowered Funds LLC lifted its stake in Electronic Arts by 167.0% in the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after acquiring an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares during the period. Jump Financial LLC purchased a new position in Electronic Arts during the 2nd quarter valued at about $2,323,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Electronic Arts by 96.4% in the 2nd quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock valued at $490,000 after purchasing an additional 1,505 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup raised their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $196.64.

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $203.21, for a total value of $508,025.00. Following the completion of the sale, the insider directly owned 43,343 shares in the company, valued at approximately $8,807,731.03. The trade was a 5.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jacob J. Schatz sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total value of $1,005,950.00. Following the sale, the executive vice president directly owned 42,287 shares of the company’s stock, valued at $8,507,721.53. The trade was a 10.57% decrease in their position. The SEC filing for this sale provides additional information. 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 valued at $8,060,033 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Electronic Arts Trading Up 0.1%

Electronic Arts stock opened at $205.44 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $51.51 billion, a price-to-earnings ratio of 58.87, a PEG ratio of 2.30 and a beta of 0.64. Electronic Arts Inc. has a one year low of $146.97 and a one year high of $206.01. The company’s fifty day moving average price is $202.56 and its two-hundred day moving average price is $202.48.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 21.78%.

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.