Electronic Arts Inc. (NASDAQ:EA) Stock Holdings Trimmed by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 29.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,685 shares of the game software company's stock after selling 3,262 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Electronic Arts were worth $1,111,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Putney Financial Group LLC bought a new stake in Electronic Arts during the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 1st quarter valued at $28,000. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth $32,000. LGT Financial Advisors LLC acquired a new stake in shares of Electronic Arts in the fourth quarter valued at $33,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts in the fourth quarter valued at $37,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on EA. Oppenheimer lifted their target price on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Ascendiant Capital Markets raised their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Morgan Stanley lifted their price objective 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. Wedbush increased their target price on shares of Electronic Arts from $179.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Argus set a $170.00 target price on shares of Electronic Arts in a report on Friday, May 16th. Fifteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $161.88.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the sale, the insider now directly owns 26,216 shares in the company, valued at approximately $3,801,320. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 6,563 shares of Electronic Arts stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $151.18, for a total value of $992,194.34. Following the sale, the chief executive officer now directly owns 70,059 shares of the company's stock, valued at approximately $10,591,519.62. The trade was a 8.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,229 shares of company stock worth $4,371,399 in the last 90 days. Company insiders own 0.22% of the company's stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $154.41 on Tuesday. The company has a market capitalization of $38.72 billion, a price-to-earnings ratio of 36.42, a P/E/G ratio of 2.07 and a beta of 0.71. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The stock's fifty day simple moving average is $148.37 and its 200-day simple moving average is $142.39.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.49%. Electronic Arts's dividend payout ratio (DPR) is presently 17.92%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.