By otakuyassine3@gmail.com 
State of Alaska Department of Revenue cut its holdings in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 20.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in EA. Bleakley Financial Group LLC increased its position in shares of Electronic Arts by 6.5% during the fourth quarter. Bleakley Financial Group LLC now owns 15,848 shares of the game software company’s stock worth $2,319,000 after purchasing an additional 967 shares in the last quarter. Choreo LLC lifted its stake in Electronic Arts by 17.8% in the 4th quarter. Choreo LLC now owns 4,041 shares of the game software company’s stock worth $592,000 after purchasing an additional 610 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Electronic Arts by 3.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,921 shares of the game software company’s stock valued at $13,878,000 after purchasing an additional 2,835 shares in the last quarter. Ninety One SA PTY Ltd lifted its position in Electronic Arts by 6.3% during the fourth quarter. Ninety One SA PTY Ltd now owns 14,449 shares of the game software company’s stock worth $2,114,000 after buying an additional 858 shares in the last quarter. Finally, Greenwood Capital Associates LLC increased its stake in shares of Electronic Arts by 1.5% in the 4th quarter. Greenwood Capital Associates LLC now owns 39,614 shares of the game software company’s stock worth $5,796,000 after acquiring an additional 592 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.
Electronic Arts Stock Up 1.2 %
EA stock opened at $132.00 on Friday. The company’s 50 day moving average price is $144.69 and its 200 day moving average price is $147.43. The firm has a market capitalization of $34.62 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 2.50 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.
Electronic Arts (NASDAQ:EA – Get Free Report) 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%. On average, equities research analysts anticipate that Electronic Arts Inc. will post 5.02 EPS for the current fiscal year.
Electronic Arts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio is currently 19.34%.
Analyst Upgrades and Downgrades
EA has been the subject of several recent analyst reports. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Citigroup reduced their price target on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Oppenheimer lowered their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Finally, BMO Capital Markets reduced their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $155.24.
Read Our Latest Analysis on EA
Insider Activity
In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares of the company’s stock, valued at $4,969,021.20. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now directly owns 42,615 shares in the company, valued at approximately $6,080,308.20. This trade represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,500 shares of company stock worth $3,562,510. 0.22% of the stock is currently owned by insiders.
Electronic Arts Company 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.
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