Electronic Arts Inc. $EA Stake Cut by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,239 shares of the game software company’s stock after selling 24,524 shares during the quarter. E. Ohman J or Asset Management AB owned approximately 0.06% of Electronic Arts worth $29,496,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in EA. Salomon & Ludwin LLC lifted its position in Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after buying an additional 68 shares in the last quarter. Moody National Bank Trust Division increased its stake in shares of Electronic Arts by 1.4% in the third quarter. Moody National Bank Trust Division now owns 5,125 shares of the game software company’s stock worth $1,034,000 after acquiring an additional 71 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Electronic Arts by 3.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after acquiring an additional 72 shares in the last quarter. Financial Management Professionals Inc. boosted its position in Electronic Arts by 13.6% during the second quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock valued at $102,000 after purchasing an additional 76 shares during the last quarter. Finally, STF Management LP grew its stake in Electronic Arts by 2.0% in the second quarter. STF Management LP now owns 3,944 shares of the game software company’s stock valued at $630,000 after purchasing an additional 76 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EA shares. Robert W. Baird reaffirmed a “neutral” rating and set a $210.00 price target (up from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective on the stock. in a research report on Monday, September 29th. Citigroup boosted their target price on shares of Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Roth Capital lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their price target for the stock from $185.00 to $210.00 in a research note on Thursday, October 2nd. Finally, Baird R W lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Four investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $181.21.

Electronic Arts Trading Up 0.0%

NASDAQ:EA opened at $204.79 on Friday. The company’s 50 day moving average is $202.12 and its 200-day moving average is $180.26. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $204.84. The firm has a market cap of $51.22 billion, a price-to-earnings ratio of 59.88, a P/E/G ratio of 2.42 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The business’s revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.11 EPS. Equities analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 22.22%.

Insider Activity

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $510,275.00. Following the transaction, the insider directly owned 53,148 shares of the company’s stock, valued at $10,848,038.28. The trade was a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’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 value of $1,020,550.00. Following the transaction, the chief executive officer owned 43,858 shares of the company’s stock, valued at approximately $8,951,856.38. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 132,669 shares of company stock worth $26,721,336 over the last 90 days. Company insiders own 0.24% of the company’s stock.

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.