Electronic Arts Inc. (NASDAQ:EA) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 11.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 76,103 shares of the game software company’s stock after selling 9,470 shares during the quarter. State of Alaska Department of Revenue’s holdings in Electronic Arts were worth $10,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EA. Cullinan Associates Inc. increased its position in shares of Electronic Arts by 5.2% in the 1st quarter. Cullinan Associates Inc. now owns 193,823 shares of the game software company’s stock valued at $25,714,000 after acquiring an additional 9,554 shares during the period. Claro Advisors LLC increased its holdings in shares of Electronic Arts by 5.6% in the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock valued at $250,000 after purchasing an additional 100 shares during the period. Diversified Trust Co raised its stake in shares of Electronic Arts by 90.0% in the first quarter. Diversified Trust Co now owns 15,150 shares of the game software company’s stock worth $2,010,000 after purchasing an additional 7,176 shares during the last quarter. Mirador Capital Partners LP lifted its holdings in shares of Electronic Arts by 15.4% during the first quarter. Mirador Capital Partners LP now owns 3,766 shares of the game software company’s stock worth $500,000 after purchasing an additional 502 shares during the period. Finally, KRS Capital Management LLC boosted its position in Electronic Arts by 17.1% in the first quarter. KRS Capital Management LLC now owns 1,880 shares of the game software company’s stock valued at $249,000 after buying an additional 275 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EA shares. Robert W. Baird reduced their price target on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Wedbush reissued an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a report on Wednesday, May 8th. Benchmark reissued a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Finally, Stifel Nicolaus boosted their price objective on Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.50.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total transaction of $211,515.00. Following the completion of the transaction, the chief financial officer now owns 10,553 shares of the company’s stock, valued at approximately $1,488,078.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total transaction of $350,650.00. Following the transaction, the chief executive officer now owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total value of $211,515.00. Following the transaction, the chief financial officer now owns 10,553 shares of the company’s stock, valued at $1,488,078.53. The disclosure for this sale can be found here. Insiders have sold 23,039 shares of company stock valued at $3,065,356 over the last 90 days. 0.22% of the stock is owned by insiders.

Electronic Arts Trading Down 0.2 %

Shares of Electronic Arts stock opened at $138.67 on Thursday. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The stock has a market cap of $36.85 billion, a P/E ratio of 29.63, a P/E/G ratio of 2.20 and a beta of 0.79. The stock’s 50 day simple moving average is $133.36 and its 200-day simple moving average is $134.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. Analysts predict that Electronic Arts Inc. will post 5.72 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.55%. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

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.