E. Ohman J or Asset Management AB Sells 1,070 Shares of Electronic Arts Inc. (NASDAQ:EA)

E. Ohman J or Asset Management AB decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 184,830 shares of the game software company’s stock after selling 1,070 shares during the period. E. Ohman J or Asset Management AB’s holdings in Electronic Arts were worth $26,512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EA. Vanguard Group Inc. grew its holdings in Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Electronic Arts by 496.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after buying an additional 2,090,504 shares during the last quarter. Swedbank AB bought a new position in Electronic Arts in the 1st quarter worth $201,935,000. Jericho Capital Asset Management L.P. acquired a new position in Electronic Arts during the 1st quarter worth $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new position in Electronic Arts during the 2nd quarter worth $188,159,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $145.03 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. The company’s 50-day simple moving average is $145.07 and its 200 day simple moving average is $139.41. The stock has a market cap of $38.54 billion, a P/E ratio of 30.99, a PEG ratio of 1.95 and a beta of 0.79. Electronic Arts Inc. has a twelve month low of $119.92 and a twelve month high of $153.51.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results 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 return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. As a group, research analysts forecast that Electronic Arts Inc. will post 5.93 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were given 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 (DPR) is currently 16.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup lowered Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Wedbush raised their target price on Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Roth Mkm reiterated a “neutral” rating and set a $154.00 price target on shares of Electronic Arts in a report on Thursday, September 19th. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average target price of $161.94.

Insider Activity at Electronic Arts

In other news, Director Luis A. Ubinas sold 2,126 shares of Electronic Arts stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Luis A. Ubinas sold 2,126 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $146.77, for a total value of $312,033.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 1,260 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the transaction, the chief financial officer now owns 7,553 shares in the company, valued at approximately $1,120,638.61. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,270 shares of company stock valued at $3,287,735 in the last ninety days. Insiders own 0.22% of the company’s stock.

Electronic Arts 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.