State of Alaska Department of Revenue Sells 16,430 Shares of Electronic Arts Inc. (NASDAQ:EA)

State of Alaska Department of Revenue reduced its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 31.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,223 shares of the game software company's stock after selling 16,430 shares during the quarter. State of Alaska Department of Revenue's holdings in Electronic Arts were worth $5,234,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Capital International Investors lifted its position in shares of Electronic Arts by 5.2% during the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after purchasing an additional 605,796 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Electronic Arts by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock worth $978,650,000 after buying an additional 30,929 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Electronic Arts by 6.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock worth $648,169,000 after buying an additional 270,991 shares in the last quarter. Northern Trust Corp boosted its position in Electronic Arts by 12.4% in the 4th quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock valued at $476,540,000 after buying an additional 360,563 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Electronic Arts by 3.9% in the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock valued at $472,362,000 after buying an additional 120,632 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EA has been the topic of several recent research reports. Robert W. Baird set a $168.00 target price on shares of Electronic Arts in a research note on Wednesday, May 7th. Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. TD Cowen raised their price objective on shares of Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Wednesday, May 7th. Finally, Citigroup reissued a "neutral" rating and issued a $153.00 price target (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. 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 stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of "Hold" and a consensus target price of $161.88.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $145.37, for a total value of $726,850.00. Following the completion of the transaction, the chief executive officer now directly owns 27,615 shares of the company's stock, valued at approximately $4,014,392.55. This trade represents a 15.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's 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 sale, the insider now directly owns 26,216 shares in the company, valued at $3,801,320. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,229 shares of company stock worth $3,618,199. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Down 0.3%

EA traded down $0.44 during trading on Friday, hitting $150.56. The company had a trading volume of 6,574,487 shares, compared to its average volume of 2,782,700. The company has a market capitalization of $37.76 billion, a PE ratio of 35.51, a PEG ratio of 2.08 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The firm's 50-day moving average price is $148.04 and its 200 day moving average price is $142.93.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were given 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 is presently 17.92%.

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.