Electronic Arts Inc. $EA Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,803 shares of the game software company’s stock after selling 31,130 shares during the period. New York State Teachers Retirement System owned about 0.07% of Electronic Arts worth $36,065,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC lifted its holdings in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after buying an additional 68 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Electronic Arts by 131.9% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after acquiring an additional 95 shares in the last quarter. MTM Investment Management LLC purchased a new stake in Electronic Arts during the second quarter worth approximately $30,000. Frazier Financial Advisors LLC boosted its holdings in Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. Finally, NewSquare Capital LLC increased its stake in Electronic Arts by 67.5% in the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after purchasing an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $1,020,550.00. Following the completion of the sale, the chief executive officer owned 43,858 shares in the company, valued at approximately $8,951,856.38. This trade represents a 10.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeff Huber sold 79,381 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $201.17, for a total transaction of $15,969,075.77. The disclosure for this sale is available in the SEC filing. Insiders have sold 122,469 shares of company stock worth $24,650,681 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EA. Hsbc Global Res downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wedbush reissued a “neutral” rating and issued a $200.00 price target on shares of Electronic Arts in a research report on Monday, September 29th. Robert W. Baird reaffirmed a “neutral” rating and set a $210.00 price objective (up previously from $170.00) on shares of Electronic Arts in a report on Monday, September 29th. Cowen cut Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Finally, Roth Capital cut Electronic Arts from a “buy” rating to a “neutral” rating and upped their target price for the company from $185.00 to $210.00 in a research report on Thursday, October 2nd. Four research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $181.21.

Electronic Arts Price Performance

Shares of EA opened at $204.10 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $204.88. The firm has a 50-day simple moving average of $202.90 and a 200-day simple moving average of $184.16. The company has a market capitalization of $51.05 billion, a price-to-earnings ratio of 59.68, a price-to-earnings-growth ratio of 2.41 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm earned $1.11 EPS. The business’s revenue was down 12.6% on a year-over-year basis. On average, equities research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, December 3rd. Electronic Arts’s dividend payout ratio (DPR) is 22.22%.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.