Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Swedbank AB

Swedbank AB increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,607,817 shares of the game software company’s stock after buying an additional 95,190 shares during the quarter. Swedbank AB owned about 0.61% of Electronic Arts worth $235,224,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $25,000. Pinnacle Bancorp Inc. boosted its position in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the period. Reston Wealth Management LLC purchased a new stake in Electronic Arts in the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC boosted its position in shares of Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after buying an additional 166 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on EA. Argus boosted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Oppenheimer decreased their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus reduced their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Benchmark reiterated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and a consensus target price of $158.05.

Electronic Arts Price Performance

Shares of Electronic Arts stock traded up $1.12 during trading on Wednesday, hitting $117.65. The stock had a trading volume of 254,962 shares, compared to its average volume of 3,696,017. The business has a fifty day moving average of $150.52 and a two-hundred day moving average of $148.52. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm has a market cap of $30.86 billion, a P/E ratio of 30.13, a PEG ratio of 1.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the transaction, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,000 shares of company stock worth $3,986,385. 0.22% of the stock is owned by insiders.

About Electronic Arts

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.