New York State Common Retirement Fund Sells 16,266 Shares of Electronic Arts Inc. (NASDAQ:EA)

New York State Common Retirement Fund lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 7.1% during the third quarter, Holdings Channel.com reports. The fund owned 213,738 shares of the game software company’s stock after selling 16,266 shares during the period. New York State Common Retirement Fund’s holdings in Electronic Arts were worth $30,659,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Electronic Arts by 82.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after buying an additional 11,343 shares in the last quarter. Duality Advisers LP bought a new position in shares of Electronic Arts during the 1st quarter worth about $1,711,000. State Board of Administration of Florida Retirement System boosted its holdings in Electronic Arts by 13.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock worth $46,258,000 after acquiring an additional 41,567 shares in the last quarter. Vanguard Group Inc. grew its position in Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in shares of Electronic Arts by 34.9% during the second quarter. Park Avenue Securities LLC now owns 14,227 shares of the game software company’s stock valued at $1,982,000 after buying an additional 3,681 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares of the company’s stock, valued at $4,251,897.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $148.88, for a total transaction of $372,200.00. Following the transaction, the chief executive officer now owns 56,747 shares in the company, valued at approximately $8,448,493.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,644 shares of company stock valued at $3,491,207. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the topic of several analyst reports. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their target price for the company from $135.00 to $177.00 in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating and issued a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Roth Mkm lifted their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, UBS Group increased their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.39.

Electronic Arts Price Performance

EA stock opened at $151.26 on Monday. The firm has a market cap of $39.96 billion, a P/E ratio of 38.88, a P/E/G ratio of 2.05 and a beta of 0.78. The firm’s fifty day moving average is $144.96 and its 200 day moving average is $140.29. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.43.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. Electronic Arts’s dividend payout ratio is currently 19.54%.

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.