New York State Common Retirement Fund Reduces Holdings in Electronic Arts Inc. (NASDAQ:EA)

New York State Common Retirement Fund decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 12.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 253,395 shares of the game software company’s stock after selling 35,342 shares during the period. New York State Common Retirement Fund owned 0.09% of Electronic Arts worth $34,667,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EA. Bray Capital Advisors increased its position in Electronic Arts by 100.0% in the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after buying an additional 102 shares during the period. CVA Family Office LLC purchased a new position in Electronic Arts during the fourth quarter worth $38,000. MCF Advisors LLC boosted its stake in Electronic Arts by 36.9% during the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock worth $49,000 after buying an additional 96 shares during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the fourth quarter valued at $50,000. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EA. 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. Stifel Nicolaus lifted their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. BMO Capital Markets assumed coverage on Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Finally, Oppenheimer restated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Tuesday. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and an average price target of $147.00.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the sale, the insider now owns 28,683 shares in the company, valued at $3,941,904.69. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the sale, the insider now owns 18,426 shares in the company, valued at approximately $2,362,397.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the transaction, the insider now owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. Insiders have sold a total of 34,644 shares of company stock worth $4,796,360 in the last three months. 0.20% of the stock is currently owned by company insiders.

Electronic Arts Trading Down 0.6 %

Shares of EA stock opened at $127.31 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $34.04 billion, a PE ratio of 32.07, a P/E/G ratio of 1.78 and a beta of 0.76. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The business’s fifty day moving average price is $133.67 and its 200 day moving average price is $134.48.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business earned $2.29 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.

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.