Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 650,851 shares of the game software company's stock after buying an additional 77,910 shares during the period. Retirement Systems of Alabama owned approximately 0.25% of Electronic Arts worth $94,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Putney Financial Group LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth about $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the first quarter worth about $28,000. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth about $32,000. LGT Financial Advisors LLC purchased a new position in Electronic Arts during the fourth quarter worth about $33,000. Finally, Millstone Evans Group LLC purchased a new position in Electronic Arts during the fourth quarter worth about $37,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Trading Up 0.4%

Shares of EA stock opened at $151.00 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $37.87 billion, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 2.08 and a beta of 0.71. The company has a 50 day moving average price of $148.04 and a 200 day moving average price of $142.93. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is currently 17.92%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the transaction, the insider now owns 40,189 shares in the company, valued at $6,252,202.73. The trade was a 5.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $145.37, for a total transaction of $726,850.00. Following the transaction, the chief executive officer now owns 27,615 shares of the company's stock, valued at $4,014,392.55. This trade represents a 15.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,229 shares of company stock worth $3,618,199. Corporate insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Ascendiant Capital Markets lifted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Roth Capital reaffirmed a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, May 7th. Morgan Stanley lifted their target price on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. TD Cowen lifted their target price on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research note on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and an average price target of $161.88.

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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