Electronic Arts Inc. (NASDAQ:EA) Stock Position Trimmed by AMF Tjanstepension AB

AMF Tjanstepension AB cut its position in Electronic Arts Inc. (NASDAQ:EA) by 14.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,883 shares of the game software company’s stock after selling 9,859 shares during the quarter. AMF Tjanstepension AB’s holdings in Electronic Arts were worth $7,946,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC raised its position in shares of Electronic Arts by 1.3% during the 4th quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock worth $867,000 after buying an additional 84 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Electronic Arts by 0.3% during the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock worth $3,261,000 after buying an additional 87 shares in the last quarter. Mirador Capital Partners LP raised its position in shares of Electronic Arts by 2.9% during the 4th quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock worth $447,000 after buying an additional 91 shares in the last quarter. Whittier Trust Co. raised its position in shares of Electronic Arts by 4.1% during the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock worth $322,000 after buying an additional 93 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of Electronic Arts by 7.5% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the game software company’s stock worth $164,000 after buying an additional 95 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total transaction of $350,650.00. Following the completion of the transaction, the chief executive officer now owns 61,747 shares of the company’s stock, valued at $8,660,634.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $141.01, for a total transaction of $211,515.00. Following the sale, the chief financial officer now directly owns 10,553 shares in the company, valued at $1,488,078.53. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the sale, the chief executive officer now owns 61,747 shares in the company, valued at $8,660,634.22. The disclosure for this sale can be found here. Insiders sold a total of 25,039 shares of company stock valued at $3,325,484 over the last quarter. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Trading Down 0.1 %

EA stock opened at $139.33 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The company has a fifty day moving average price of $132.71 and a two-hundred day moving average price of $134.94. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The stock has a market cap of $37.02 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. Equities analysts anticipate that Electronic Arts Inc. will post 5.72 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EA shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Roth Mkm cut their price target on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Stifel Nicolaus boosted their price target on shares of Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a report on Monday, June 24th. Robert W. Baird cut their price target on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $147.50.

Electronic Arts Company 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.