Swedbank AB Buys 95,190 Shares of Electronic Arts Inc. (NASDAQ:EA)

Swedbank AB increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,607,817 shares of the game software company’s stock after buying an additional 95,190 shares during the quarter. Swedbank AB’s holdings in Electronic Arts were worth $235,224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Electronic Arts in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. grew its position in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares during the period. Reston Wealth Management LLC acquired a new position in Electronic Arts during the third quarter worth $36,000. Bruce G. Allen Investments LLC lifted its holdings 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 valued at $39,000 after acquiring an additional 166 shares during the period. Finally, Larson Financial Group LLC boosted its stake 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 purchasing an additional 70 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on EA. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Robert W. Baird cut their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Benchmark restated a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, October 30th. Stifel Nicolaus cut their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Finally, Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $158.05.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $148.18, for a total value of $148,180.00. Following the completion of the transaction, the chief financial officer now directly owns 8,750 shares of the company’s stock, valued at approximately $1,296,575. The trade was a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,000 shares of company stock valued at $3,986,385. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Trading Up 1.0 %

Shares of EA stock traded up $1.12 during trading hours on Wednesday, reaching $117.65. The company had a trading volume of 254,962 shares, compared to its average volume of 3,696,017. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a 50 day moving average of $150.52 and a 200 day moving average of $148.52. The firm has a market cap of $30.86 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 1.87 and a beta of 0.80.

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.