BI Asset Management Fondsmaeglerselskab A S Sells 99,451 Shares of Electronic Arts Inc. $EA

BI Asset Management Fondsmaeglerselskab A S reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 89.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,189 shares of the game software company’s stock after selling 99,451 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Electronic Arts were worth $2,491,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EA. OPTIMAS CAPITAL Ltd bought a new position in shares of Electronic Arts during the third quarter valued at approximately $1,815,000. Greenland Capital Management LP bought a new position in shares of Electronic Arts during the third quarter valued at approximately $5,569,000. Swiss Life Asset Management Ltd boosted its stake in shares of Electronic Arts by 75.8% during the third quarter. Swiss Life Asset Management Ltd now owns 85,245 shares of the game software company’s stock valued at $17,194,000 after purchasing an additional 36,769 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Electronic Arts by 9.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 110,851 shares of the game software company’s stock valued at $22,650,000 after purchasing an additional 9,297 shares in the last quarter. Finally, Barometer Capital Management Inc. bought a new position in shares of Electronic Arts during the third quarter valued at approximately $4,503,000. 90.23% of the stock is currently owned by institutional investors.

Insider Activity at Electronic Arts

In related news, EVP Jacob J. Schatz sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the sale, the executive vice president owned 42,287 shares in the company, valued at approximately $8,507,721.53. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the sale, the insider owned 27,560 shares in the company, valued at approximately $5,534,323.60. This represents a 4.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 39,906 shares of company stock valued at $8,032,336 in the last quarter. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EA has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup increased their target price 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. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $196.64.

Electronic Arts Trading Up 0.1%

Shares of Electronic Arts stock opened at $203.20 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a fifty day moving average price of $202.23 and a 200 day moving average price of $202.31. Electronic Arts Inc. has a 1 year low of $145.54 and a 1 year high of $204.88. The stock has a market cap of $50.95 billion, a PE ratio of 58.22, a price-to-earnings-growth ratio of 2.24 and a beta of 0.65.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Electronic Arts Profile

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.