Electronic Arts Inc. $EA Shares Sold by Andra AP fonden

Andra AP fonden cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 66.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,862 shares of the game software company’s stock after selling 178,038 shares during the quarter. Andra AP fonden’s holdings in Electronic Arts were worth $18,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EA. Ascentis Independent Advisors purchased a new position in Electronic Arts in the first quarter worth approximately $27,000. MV Capital Management Inc. acquired a new position in Electronic Arts in the fourth quarter valued at $28,000. Asset Planning Inc purchased a new position in Electronic Arts during the 1st quarter worth approximately $32,000. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts during the first quarter worth approximately $32,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in Electronic Arts during the 4th quarter worth $44,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $209.29 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a 52-week low of $146.97 and a 52-week high of $209.34. The company has a 50-day simple moving average of $203.56 and a 200-day simple moving average of $202.66. The company has a market capitalization of $52.48 billion, a PE ratio of 59.97, a P/E/G ratio of 2.34 and a beta of 0.64.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s payout ratio is 21.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Citigroup raised their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and an average target price of $196.64.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the transaction, the chief executive officer owned 80,974 shares in the company, valued at $16,447,438.88. This trade represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the sale, the insider owned 26,360 shares in the company, valued at $5,351,080. This represents a 4.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,206 shares of company stock valued at $6,292,058 in the last three months. 0.24% of the stock is owned by insiders.

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.