Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 5.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,573 shares of the game software company’s stock after selling 1,278 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Electronic Arts were worth $2,729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EA. Cetera Advisors LLC raised its holdings in Electronic Arts by 192.5% during the first quarter. Cetera Advisors LLC now owns 7,550 shares of the game software company’s stock worth $1,002,000 after purchasing an additional 4,969 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Electronic Arts by 54.7% in the 1st quarter. Cetera Investment Advisers now owns 23,967 shares of the game software company’s stock worth $3,180,000 after buying an additional 8,477 shares in the last quarter. PGGM Investments lifted its holdings in shares of Electronic Arts by 2.5% in the first quarter. PGGM Investments now owns 43,599 shares of the game software company’s stock valued at $5,784,000 after buying an additional 1,043 shares during the period. Swedbank AB bought a new position in Electronic Arts during the first quarter valued at about $201,935,000. Finally, Virtu Financial LLC acquired a new position in Electronic Arts during the first quarter worth about $985,000. 90.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on EA. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Citigroup lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $148.00 to $161.00 in a research report on Monday, July 15th. BMO Capital Markets reiterated an “outperform” rating and set a $154.00 price objective on shares of Electronic Arts in a research report on Tuesday, July 30th. Jefferies Financial Group assumed coverage on Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price on the stock. Finally, Robert W. Baird upped their target price on Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $160.16.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the transaction, the insider now owns 39,374 shares of the company’s stock, valued at $5,232,017.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total value of $622,321.85. Following the sale, the chief executive officer now owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $132.88, for a total value of $106,304.00. Following the transaction, the insider now owns 39,374 shares of the company’s stock, valued at $5,232,017.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,239 shares of company stock worth $3,197,469. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Up 0.3 %

Shares of Electronic Arts stock traded up $0.43 during trading on Friday, hitting $148.83. 1,823,429 shares of the stock traded hands, compared to its average volume of 2,638,668. The stock has a market cap of $39.55 billion, a P/E ratio of 31.80, a PEG ratio of 2.28 and a beta of 0.79. The company has a fifty day moving average price of $140.16 and a two-hundred day moving average price of $135.97. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.45.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Equities research analysts predict that Electronic Arts Inc. will post 5.76 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. Electronic Arts’s dividend payout ratio is currently 16.24%.

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.