Electronic Arts Inc. (NASDAQ:EA) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,463 shares of the game software company’s stock after selling 400 shares during the period. New Mexico Educational Retirement Board’s holdings in Electronic Arts were worth $1,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Claro Advisors LLC boosted its position in Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after purchasing an additional 75 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after purchasing an additional 76 shares in the last quarter. Ballentine Partners LLC boosted its position in Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after purchasing an additional 82 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in Electronic Arts by 1.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock worth $708,000 after purchasing an additional 83 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the transaction, the insider now directly owns 30,216 shares of the company’s stock, valued at $4,969,021.20. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,500 shares of company stock valued at $3,644,635. 0.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EA. Robert W. Baird decreased their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. UBS Group raised their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Benchmark decreased their target price on Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Wedbush restated an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Monday, January 27th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus target price of $155.24.

Electronic Arts Price Performance

EA stock opened at $129.40 on Monday. The business has a fifty day moving average of $140.43 and a two-hundred day moving average of $146.85. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market cap of $33.72 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 2.74 and a beta of 0.79. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, research analysts anticipate that Electronic Arts Inc. will post 4.99 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.59%. Electronic Arts’s payout ratio is presently 19.34%.

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.