Fri Sep 20 12:10:41 UTC 2024: ## Institutional Investors Show Continued Interest in Electronic Arts

**September 20, 2024** – Several institutional investors adjusted their holdings of Electronic Arts Inc. (EA) during the second quarter, signaling continued confidence in the gaming giant.

Skandinaviska Enskilda Banken AB publ increased its stake in EA by 3.7%, acquiring an additional 9,633 shares, bringing its total ownership to 269,050 shares valued at $37,483,000. This trend was mirrored by other notable investors such as Canada Pension Plan Investment Board, Benjamin F. Edwards & Company Inc., Brighton Jones LLC, XTX Topco Ltd, and Palouse Capital Management Inc., who all raised their stakes in EA during the quarter.

These moves come amidst positive analyst sentiment towards EA. While Citigroup downgraded the stock to “neutral,” several other analysts, including TD Cowen, Wedbush, JPMorgan Chase & Co., and UBS Group, raised their price targets on EA, citing its strong performance and potential for future growth. MarketBeat currently rates EA as a “Moderate Buy” with an average price target of $161.94.

Despite recent insider selling activity, notably by CEO Andrew Wilson and EVP Jacob J. Schatz, EA remains a popular choice for institutional investors, with 90.23% of its stock owned by them.

EA recently reported strong second-quarter earnings, exceeding analysts’ expectations with $0.09 earnings per share and $1.26 billion in revenue. The company also declared a quarterly dividend of $0.19 per share, reflecting its commitment to shareholder value.

With continued institutional support, positive analyst sentiment, and strong financial performance, EA appears well-positioned for continued growth in the gaming industry.

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