Arizona State Retirement System Sells 2,802 Shares of Electronic Arts Inc. $EA

Arizona State Retirement System trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,910 shares of the game software company’s stock after selling 2,802 shares during the period. Arizona State Retirement System’s holdings in Electronic Arts were worth $13,672,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after buying an additional 294 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after purchasing an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after buying an additional 190 shares during the last quarter. Jump Financial LLC bought a new stake in Electronic Arts during the second quarter worth $2,323,000. Finally, NewEdge Advisors LLC raised its position in Electronic Arts by 96.4% in the 2nd quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock valued at $490,000 after buying an additional 1,505 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of research analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup reduced their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and an average target price of $188.30.

Electronic Arts Trading Up 0.1%

NASDAQ:EA opened at $202.67 on Friday. The stock has a market cap of $50.72 billion, a price-to-earnings ratio of 76.19, a PEG ratio of 2.18 and a beta of 0.73. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average price is $201.64 and its 200-day moving average price is $202.10. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total value of $508,025.00. Following the completion of the transaction, the insider directly owned 43,343 shares of the company’s stock, valued at approximately $8,807,731.03. This trade represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the sale, the chief financial officer owned 5,897 shares in the company, valued at $1,178,810.30. This represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 27,600 shares of company stock worth $5,544,159. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts 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.