E. Ohman J or Asset Management AB Purchases 1,200 Shares of Electronic Arts Inc. (NASDAQ:EA)

E. Ohman J or Asset Management AB increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,030 shares of the game software company’s stock after purchasing an additional 1,200 shares during the period. E. Ohman J or Asset Management AB owned 0.07% of Electronic Arts worth $27,216,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. Claro Advisors LLC grew its holdings in shares of Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after purchasing an additional 75 shares in the last quarter. Prime Capital Investment Advisors LLC grew its holdings in shares of Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after purchasing an additional 76 shares in the last quarter. Ballentine Partners LLC increased its position in Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after purchasing an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in Electronic Arts by 1.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 $8,758,819.05. This trade represents a 8.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the sale, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $3,835,555 in the last ninety days. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Oppenheimer reduced their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Robert W. Baird dropped their price target 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. UBS Group increased their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets lowered Electronic Arts from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $160.00 to $145.00 in a research report on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average target price of $157.43.

Electronic Arts Stock Performance

Shares of EA opened at $122.91 on Tuesday. The stock has a 50-day moving average of $146.84 and a two-hundred day moving average of $147.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market cap of $32.24 billion, a P/E ratio of 31.60, a P/E/G ratio of 2.50 and a beta of 0.79. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50.

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.