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

State of Alaska Department of Revenue lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 20.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 52,653 shares of the game software company’s stock after selling 13,500 shares during the quarter. State of Alaska Department of Revenue’s holdings in Electronic Arts were worth $7,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in Electronic Arts in the second quarter valued at about $749,000. Czech National Bank increased its position in Electronic Arts by 5.6% during the 3rd quarter. Czech National Bank now owns 48,976 shares of the game software company’s stock worth $7,025,000 after purchasing an additional 2,616 shares during the period. Mather Group LLC. raised its stake in shares of Electronic Arts by 18.5% during the 3rd quarter. Mather Group LLC. now owns 1,024 shares of the game software company’s stock worth $147,000 after buying an additional 160 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $216,000. Finally, CWM LLC boosted its stake in shares of Electronic Arts by 1.5% in the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after buying an additional 95 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares in the company, valued at $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the transaction, the insider now directly owns 30,216 shares in the company, valued at $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock worth $3,562,510 in the last three months. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Up 1.2 %

EA stock opened at $132.00 on Friday. The company has a 50 day moving average price of $144.69 and a two-hundred day moving average price of $147.43. 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 capitalization of $34.62 billion, a P/E ratio of 33.93, a PEG 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 (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. As a group, sell-side analysts expect that Electronic Arts Inc. will post 5.02 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. Electronic Arts’s payout ratio is currently 19.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EA shares. UBS Group raised their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their target price for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Argus boosted their price target on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $155.24.

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.