Andra AP fonden Has $53.96 Million Holdings in Electronic Arts Inc. $EA

Andra AP fonden decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,500 shares of the game software company’s stock after selling 12,000 shares during the period. Electronic Arts accounts for 0.7% of Andra AP fonden’s investment portfolio, making the stock its 21st biggest holding. Andra AP fonden owned approximately 0.11% of Electronic Arts worth $53,955,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp grew its stake in shares of Electronic Arts by 5.8% in the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock worth $2,726,552,000 after acquiring an additional 932,024 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after purchasing an additional 1,300,336 shares in the last quarter. Invesco Ltd. boosted its position in Electronic Arts by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock valued at $656,735,000 after buying an additional 378,824 shares during the last quarter. First Trust Advisors LP lifted its position in Electronic Arts by 17.0% during the 2nd quarter. First Trust Advisors LP now owns 2,430,876 shares of the game software company’s stock valued at $388,211,000 after purchasing an additional 353,327 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Electronic Arts by 50.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock valued at $377,726,000 after acquiring an additional 791,978 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $200.63, for a total value of $240,756.00. Following the completion of the transaction, the insider directly owned 31,160 shares in the company, valued at approximately $6,251,630.80. This represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total value of $498,825.00. Following the transaction, the insider directly owned 48,343 shares in the company, valued at $9,645,878.79. The trade was a 4.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 27,600 shares of company stock valued at $5,589,823. 0.24% of the stock is owned by insiders.

Electronic Arts Trading Down 0.5%

Shares of EA opened at $201.07 on Friday. The business’s fifty day moving average is $202.88 and its 200-day moving average is $194.92. Electronic Arts Inc. has a 52-week low of $128.02 and a 52-week high of $204.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $50.32 billion, a price-to-earnings ratio of 75.59, a PEG ratio of 2.43 and a beta of 0.74.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be given a $0.19 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 28.57%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EA shares. UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Argus set a $210.00 price target on Electronic Arts in a research report on Thursday, October 30th. Finally, Citigroup dropped their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, nineteen 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 target price of $186.95.

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.