Livforsakringsbolaget Skandia Omsesidigt Has $323,000 Stake in Electronic Arts Inc. (EA)

Livforsakringsbolaget Skandia Omsesidigt lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 51.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,679 shares of the game software company’s stock after selling 2,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Electronic Arts were worth $323,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EA. Xact Kapitalforvaltning AB increased its position in Electronic Arts by 0.7% during the second quarter. Xact Kapitalforvaltning AB now owns 56,992 shares of the game software company’s stock worth $8,037,000 after purchasing an additional 371 shares during the last quarter. Motley Fool Asset Management LLC increased its position in Electronic Arts by 13.8% during the second quarter. Motley Fool Asset Management LLC now owns 3,286 shares of the game software company’s stock worth $463,000 after purchasing an additional 399 shares during the last quarter. Braun Stacey Associates Inc. increased its position in Electronic Arts by 0.4% during the second quarter. Braun Stacey Associates Inc. now owns 102,837 shares of the game software company’s stock worth $14,502,000 after purchasing an additional 460 shares during the last quarter. Kaizen Advisory LLC increased its position in Electronic Arts by 159.5% during the second quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock worth $108,000 after purchasing an additional 469 shares during the last quarter. Finally, World Asset Management Inc increased its position in Electronic Arts by 2.3% during the second quarter. World Asset Management Inc now owns 21,069 shares of the game software company’s stock worth $2,971,000 after purchasing an additional 470 shares during the last quarter. 93.41% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. UBS Group raised shares of Electronic Arts to a “positive” rating in a research report on Thursday, July 12th. Wedbush reaffirmed a “buy” rating and set a $158.00 price target on shares of Electronic Arts in a research report on Monday, July 23rd. Stifel Nicolaus upped their price target on shares of Electronic Arts from $157.00 to $159.00 and gave the stock a “$146.56” rating in a research report on Monday, July 23rd. Piper Jaffray Companies upped their price target on shares of Electronic Arts to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 25th. Finally, Credit Suisse Group upped their price target on shares of Electronic Arts from $143.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 25th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $135.96.



Shares of EA stock opened at $90.98 on Thursday. The firm has a market capitalization of $28.91 billion, a PE ratio of 23.36, a PEG ratio of 1.64 and a beta of 0.58. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.19. Electronic Arts Inc. has a twelve month low of $89.12 and a twelve month high of $151.26.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.46. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.95%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, research analysts predict that Electronic Arts Inc. will post 3.87 EPS for the current year.

In other news, General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Monday, October 22nd. The shares were sold at an average price of $102.81, for a total value of $102,810.00. Following the completion of the transaction, the general counsel now directly owns 17,029 shares in the company, valued at $1,750,751.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $113.10, for a total transaction of $169,650.00. Following the completion of the transaction, the insider now owns 56,776 shares of the company’s stock, valued at $6,421,365.60. The disclosure for this sale can be found here. Insiders sold 99,500 shares of company stock valued at $11,628,780 over the last 90 days. Insiders own 2.24% 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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

Featured Story: Understanding Analyst Recommendations

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA).

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

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply