Nykredit A S Makes New $15.33 Million Investment in Electronic Arts Inc. $EA

Nykredit A S bought a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,755 shares of the game software company’s stock, valued at approximately $15,328,000.

Other institutional investors have also modified their holdings of the company. Resolute Advisors LLC acquired a new position in shares of Electronic Arts during the 2nd quarter valued at about $5,719,000. Legacy Financial Advisors Inc. raised its stake in Electronic Arts by 3.4% during the second quarter. Legacy Financial Advisors Inc. now owns 1,877 shares of the game software company’s stock worth $385,000 after purchasing an additional 62 shares during the period. Proficio Capital Partners LLC acquired a new position in Electronic Arts in the 2nd quarter valued at about $258,000. Susquehanna Fundamental Investments LLC acquired a new position in Electronic Arts in the 2nd quarter valued at about $2,235,000. Finally, GTS Securities LLC grew its stake in shares of Electronic Arts by 27.3% in the 2nd quarter. GTS Securities LLC now owns 2,609 shares of the game software company’s stock valued at $535,000 after buying an additional 559 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 26,360 shares of the company’s stock, valued at approximately $5,351,080. This trade represents 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on 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 transaction, the insider owned 73,513 shares of the company’s stock, valued at $14,930,490.30. This trade represents a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,700 shares of company stock valued at $1,766,950 in the last three months. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Price Performance

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

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 business 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%.

Wall Street Analysts Forecast Growth

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

Electronic Arts Profile

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.