Handelsbanken Fonder AB Trims Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Handelsbanken Fonder AB decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,662 shares of the game software company’s stock after selling 13,762 shares during the period. Handelsbanken Fonder AB’s holdings in Electronic Arts were worth $14,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EA. Bray Capital Advisors raised its stake in shares of Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after buying an additional 110 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in shares of Electronic Arts by 269.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after buying an additional 154,989 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Electronic Arts by 81.0% during the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after buying an additional 102 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of Electronic Arts during the 4th quarter valued at about $38,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Electronic Arts during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EA. BMO Capital Markets began coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target for the company. Benchmark restated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Stifel Nicolaus lifted their price target on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Oppenheimer restated an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Tuesday. Finally, UBS Group cut their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Electronic Arts Trading Up 0.0 %

Shares of Electronic Arts stock opened at $127.14 on Wednesday. The stock has a market cap of $33.99 billion, a P/E ratio of 32.03, a P/E/G ratio of 1.76 and a beta of 0.76. The stock’s 50 day simple moving average is $134.30 and its 200-day simple moving average is $134.57. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.29 earnings per share. Analysts predict that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s dividend payout ratio is currently 19.14%.

Insider Activity

In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the sale, the insider now owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $138.88, for a total transaction of $347,200.00. Following the sale, the chief executive officer now owns 30,930 shares of the company’s stock, valued at approximately $4,295,558.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the sale, the insider now directly owns 28,683 shares in the company, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,144 shares of company stock valued at $5,143,560. 0.20% of the stock is currently owned by company insiders.

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.