Electronic Arts Inc. $EA Shares Sold by Louisiana State Employees Retirement System

Key Points

• The Louisiana State Employees Retirement System reduced its investment in Electronic Arts Inc. by 4.7%, holding 30,300 shares worth approximately $4.84 million after selling 1,500 shares.
• Institutional investors control 90.23% of Electronic Arts' stock, highlighting its strong backing by major financial firms.
• Electronic Arts recently declared a quarterly dividend of $0.19, translating to an annual yield of 0.4% with a payout ratio of 19.05%.

Louisiana State Employees Retirement System cut its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,300 shares of the game software company's stock after selling 1,500 shares during the period. Louisiana State Employees Retirement System's holdings in Electronic Arts were worth $4,839,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EA. Vanguard Group Inc. boosted its stake in Electronic Arts by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock valued at $4,198,607,000 after purchasing an additional 150,438 shares during the period. Ninety One UK Ltd boosted its stake in Electronic Arts by 4.6% during the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company's stock valued at $695,645,000 after purchasing an additional 193,442 shares during the period. Independent Franchise Partners LLP boosted its stake in Electronic Arts by 2.3% during the 1st quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company's stock valued at $570,233,000 after purchasing an additional 88,767 shares during the period. Invesco Ltd. boosted its stake in Electronic Arts by 15.6% during the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company's stock valued at $539,563,000 after purchasing an additional 504,760 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Electronic Arts by 62.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after purchasing an additional 1,254,194 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Down 0.0%

NASDAQ EA opened at $200.01 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The company's 50 day simple moving average is $175.34 and its 200 day simple moving average is $157.75. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $203.75. The company has a market capitalization of $50.04 billion, a P/E ratio of 50.13, a PEG ratio of 3.04 and a beta of 0.77.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts's payout ratio is presently 19.05%.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,200 shares of the business's stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $244,080.00. Following the sale, the insider directly owned 33,531 shares in the company, valued at $6,820,205.40. The trade was a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $172.79, for a total transaction of $863,950.00. Following the completion of the sale, the chief executive officer owned 47,393 shares in the company, valued at $8,189,036.47. The trade was a 9.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,000 shares of company stock worth $7,247,635. Company insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Hsbc Global Res lowered shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Bank of America boosted their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Electronic Arts in a research note on Wednesday. Baird R W lowered shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Finally, HSBC lowered shares of Electronic Arts from a "buy" rating to a "hold" rating and set a $191.00 price target for the company. in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $177.00.

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.

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