South Dakota Investment Council Trims Position in Electronic Arts Inc. (NASDAQ:EA)

South Dakota Investment Council decreased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 35.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,100 shares of the game software company’s stock after selling 600 shares during the period. South Dakota Investment Council’s holdings in Electronic Arts were worth $150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EA. Bray Capital Advisors increased its position in Electronic Arts by 100.0% during 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. Leith Wheeler Investment Counsel Ltd. increased its position in shares of Electronic Arts by 269.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after acquiring an additional 154,989 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Electronic Arts in the fourth quarter worth $30,000. 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 worth $31,000 after acquiring an additional 102 shares in the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Electronic Arts in the fourth quarter worth $38,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EA shares. UBS Group dropped their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. BMO Capital Markets initiated coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price for the company. Wedbush restated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. Stifel Nicolaus upped their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Oppenheimer restated an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Electronic Arts Stock Performance

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

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion for 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%. Electronic Arts’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 EPS. Equities research analysts anticipate that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.

Insider Activity

In other news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the transaction, the insider now owns 18,426 shares of the company’s stock, valued at $2,362,397.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the transaction, the insider now owns 18,426 shares of the company’s stock, valued at $2,362,397.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Laura Miele sold 2,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $132.82, for a total transaction of $265,640.00. Following the transaction, the chief operating officer now directly owns 34,772 shares in the company, valued at approximately $4,618,417.04. The disclosure for this sale can be found here. Insiders have sold a total of 34,644 shares of company stock valued at $4,796,360 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

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.