Livforsakringsbolaget Skandia Omsesidigt Sells 68,250 Shares of Electronic Arts Inc. $EA

Livforsakringsbolaget Skandia Omsesidigt cut its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 97.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,013 shares of the game software company’s stock after selling 68,250 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Electronic Arts were worth $411,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of EA. Brighton Jones LLC increased its position in shares of Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after purchasing an additional 294 shares during the last quarter. Empowered Funds LLC increased its position in shares of Electronic Arts by 167.0% during the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after purchasing an additional 12,076 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after purchasing an additional 190 shares during the last quarter. Jump Financial LLC bought a new position in shares of Electronic Arts during the 2nd quarter valued at about $2,323,000. Finally, NewEdge Advisors LLC increased its position in shares of Electronic Arts by 96.4% during the 2nd quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock valued at $490,000 after purchasing an additional 1,505 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,066 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.66, for a total transaction of $1,021,609.56. Following the completion of the sale, the chief executive officer directly owned 85,974 shares in the company, valued at $17,337,516.84. This represents a 5.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.54, for a total value of $501,350.00. Following the sale, the insider owned 40,843 shares of the company’s stock, valued at $8,190,655.22. This represents a 5.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,906 shares of company stock worth $8,032,336 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Trading Down 0.2%

Shares of EA stock opened at $203.00 on Friday. The stock has a market capitalization of $50.90 billion, a PE ratio of 58.17, a P/E/G ratio of 2.24 and a beta of 0.65. Electronic Arts Inc. has a 1-year low of $145.54 and a 1-year high of $204.88. The business has a 50-day moving average of $202.21 and a 200 day moving average of $202.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 21.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EA shares. Citigroup increased their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a research report on Saturday. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $196.64.

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.