New York State Common Retirement Fund Has $34.67 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

New York State Common Retirement Fund lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 12.2% in the fourth quarter, Holdings Channel.com reports. 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’s holdings in Electronic Arts were worth $34,667,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in EA. Bray Capital Advisors increased its holdings in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after acquiring an additional 154,989 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Electronic Arts by 81.0% in the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after acquiring an additional 102 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Electronic Arts in the fourth quarter valued at about $38,000. Finally, MCF Advisors LLC increased its position in shares of Electronic Arts by 36.9% in the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock valued at $49,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at $4,048,147.70. The sale was disclosed in a filing with the SEC, which is available at this link. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the transaction, the chief executive officer now owns 28,430 shares of the company’s stock, valued at $4,048,147.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,644 shares of company stock worth $4,796,360. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. BMO Capital Markets assumed coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price on the stock. UBS Group lowered their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Stifel Nicolaus lifted their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Oppenheimer reiterated an “outperform” rating and set a $150.00 price target 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Electronic Arts Trading Down 0.6 %

Shares of NASDAQ:EA opened at $127.31 on Friday. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The stock has a market cap of $34.04 billion, a PE ratio of 32.07, a P/E/G ratio of 1.78 and a beta of 0.76. The business has a 50 day moving average of $133.67 and a 200-day moving average of $134.48. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 earnings per share. As a group, equities research analysts forecast that Electronic Arts Inc. will post 5.35 earnings per share for the current year.

About Electronic Arts

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.