Skandinaviska Enskilda Banken AB publ Increases Stake in Electronic Arts Inc. (NASDAQ:EA)

Skandinaviska Enskilda Banken AB publ raised its position in Electronic Arts Inc. (NASDAQ:EA) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 269,050 shares of the game software company’s stock after purchasing an additional 9,633 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.10% of Electronic Arts worth $37,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. North Star Investment Management Corp. increased its position in shares of Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Cape Investment Advisory Inc. increased its position in shares of Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at $28,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Electronic Arts in the 1st quarter valued at $30,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EA has been the subject of several research analyst reports. Robert W. Baird restated an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a report on Thursday. StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Oppenheimer increased their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Morgan Stanley reiterated an “equal weight” rating and set a $150.00 price target on shares of Electronic Arts in a research note on Wednesday. Finally, The Goldman Sachs Group increased their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.94.

Electronic Arts Stock Performance

NASDAQ:EA opened at $140.74 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $146.36 and a two-hundred day moving average price of $137.68. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $153.51. The company has a market capitalization of $37.40 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. As a group, research analysts expect that Electronic Arts Inc. will post 5.89 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio is currently 16.24%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the sale, the insider now directly owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the sale, the insider now directly owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 61,747 shares in the company, valued at $8,660,634.22. The disclosure for this sale can be found here. Insiders have sold 28,570 shares of company stock valued at $4,183,508 in the last ninety days. Insiders own 0.22% of the company’s stock.

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.