Forsta AP Fonden Acquires 5,000 Shares of Electronic Arts Inc. (NASDAQ:EA)

Forsta AP Fonden lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 98,700 shares of the game software company’s stock after purchasing an additional 5,000 shares during the period. Forsta AP Fonden’s holdings in Electronic Arts were worth $14,158,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Electronic Arts by 20.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,086 shares of the game software company’s stock worth $13,176,000 after purchasing an additional 15,576 shares during the period. Dakota Wealth Management purchased a new position in Electronic Arts during the third quarter valued at approximately $942,000. Assenagon Asset Management S.A. lifted its holdings in Electronic Arts by 5.7% during the third quarter. Assenagon Asset Management S.A. now owns 86,368 shares of the game software company’s stock valued at $12,389,000 after purchasing an additional 4,689 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Electronic Arts by 2.3% during the third quarter. IFM Investors Pty Ltd now owns 65,443 shares of the game software company’s stock valued at $9,387,000 after purchasing an additional 1,476 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in Electronic Arts by 27.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,605 shares of the game software company’s stock valued at $374,000 after purchasing an additional 556 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EA shares. Benchmark reaffirmed a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Raymond James lifted their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wedbush reaffirmed an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a report on Friday. Roth Mkm reiterated a “neutral” rating and set a $154.00 price objective on shares of Electronic Arts in a research report on Thursday, September 19th. Finally, Bank of America lifted their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $162.76.

Electronic Arts Trading Up 0.1 %

EA stock opened at $145.20 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $119.92 and a twelve month high of $153.51. The stock has a market capitalization of $38.36 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The firm’s fifty day simple moving average is $145.01 and its two-hundred day simple moving average is $139.58.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. As a group, analysts anticipate that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio is currently 17.88%.

Insider Activity

In other news, Director Luis A. Ubinas sold 2,126 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $146.77, for a total transaction of $312,033.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Luis A. Ubinas sold 2,126 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $146.77, for a total value of $312,033.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,270 shares of company stock valued at $3,287,735. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Company 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.