E. Ohman J or Asset Management AB Has $29.50 Million Stock Holdings in Electronic Arts Inc. $EA

E. Ohman J or Asset Management AB trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,239 shares of the game software company’s stock after selling 24,524 shares during the period. E. Ohman J or Asset Management AB’s holdings in Electronic Arts were worth $29,496,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. CWM LLC increased its position in shares of Electronic Arts by 17.1% during the third quarter. CWM LLC now owns 15,390 shares of the game software company’s stock valued at $3,104,000 after purchasing an additional 2,242 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Electronic Arts by 2.6% during the third quarter. Harbor Capital Advisors Inc. now owns 4,895 shares of the game software company’s stock worth $987,000 after buying an additional 125 shares in the last quarter. Norden Group LLC increased its holdings in Electronic Arts by 17.4% in the 3rd quarter. Norden Group LLC now owns 1,572 shares of the game software company’s stock valued at $317,000 after buying an additional 233 shares during the period. Global X Japan Co. Ltd. increased its holdings in Electronic Arts by 5,603.2% in the 3rd quarter. Global X Japan Co. Ltd. now owns 1,768 shares of the game software company’s stock valued at $357,000 after buying an additional 1,737 shares during the period. Finally, Swedbank AB raised its stake in shares of Electronic Arts by 1.2% in the 3rd quarter. Swedbank AB now owns 1,346,183 shares of the game software company’s stock valued at $271,525,000 after buying an additional 16,507 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of several recent research reports. Roth Capital lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their target price for the company from $185.00 to $210.00 in a research report on Thursday, October 2nd. Wedbush reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Electronic Arts in a report on Monday, September 29th. Baird R W lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Jefferies Financial Group cut Electronic Arts from a “buy” rating to a “hold” rating and increased their target price for the stock from $200.00 to $210.00 in a report on Tuesday, September 30th. Finally, HSBC lowered Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price target on the stock. in a research note on Monday, September 29th. Four analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $181.21.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $1,020,550.00. Following the completion of the sale, the chief executive officer owned 43,858 shares of the company’s stock, valued at $8,951,856.38. This trade represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $244,932.00. Following the completion of the transaction, the insider owned 33,560 shares of the company’s stock, valued at $6,849,931.60. This trade represents a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 132,669 shares of company stock worth $26,721,336. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Stock Up 0.0%

NASDAQ EA opened at $204.79 on Friday. The stock’s 50 day simple moving average is $202.12 and its 200 day simple moving average is $180.26. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $204.84. The firm has a market cap of $51.22 billion, a PE ratio of 59.88, a price-to-earnings-growth ratio of 2.42 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 EPS. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 22.22%.

About Electronic Arts

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.