Nykredit A S Makes New Investment in Electronic Arts Inc. $EA

Nykredit A S purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 74,755 shares of the game software company’s stock, valued at approximately $15,328,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Resona Asset Management Co. Ltd. grew its stake in shares of Electronic Arts by 12.5% during the first quarter. Resona Asset Management Co. Ltd. now owns 108,908 shares of the game software company’s stock worth $22,185,000 after purchasing an additional 12,095 shares in the last quarter. Swiss National Bank lifted its holdings in Electronic Arts by 8.0% during the 1st quarter. Swiss National Bank now owns 704,400 shares of the game software company’s stock worth $143,606,000 after buying an additional 51,900 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $2,043,000. Generali Asset Management SPA SGR increased its holdings in shares of Electronic Arts by 76.3% in the 4th quarter. Generali Asset Management SPA SGR now owns 29,530 shares of the game software company’s stock valued at $6,034,000 after acquiring an additional 12,777 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Electronic Arts in the 4th quarter valued at about $643,674,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

NASDAQ:EA opened at $209.70 on Friday. The company has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a 52-week low of $159.10 and a 52-week high of $210.20. The stock’s 50 day moving average price is $208.52 and its 200 day moving average price is $204.19. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. The company had revenue of $1.99 billion during the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.

Analysts Set New Price Targets

EA has been the subject of several recent analyst reports. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $206.50.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.00, for a total value of $243,600.00. Following the transaction, the insider directly owned 26,360 shares in the company, valued at approximately $5,351,080. The trade was a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the sale, the insider directly owned 73,513 shares of the company’s stock, valued at $14,930,490.30. The trade was a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,700 shares of company stock worth $1,766,950 in the last 90 days. 0.24% of the stock is owned by insiders.

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.