Electronic Arts Inc. (NASDAQ:EA) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,395 shares of the game software company's stock after selling 35,342 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Electronic Arts worth $34,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jennison Associates LLC grew its position in Electronic Arts by 1.3% during the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company's stock valued at $867,000 after acquiring an additional 84 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Electronic Arts by 0.3% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company's stock worth $4,106,000 after purchasing an additional 86 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Electronic Arts by 0.3% in the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company's stock worth $3,261,000 after purchasing an additional 87 shares during the last quarter. Mirador Capital Partners LP grew its holdings in shares of Electronic Arts by 2.9% in the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company's stock worth $447,000 after purchasing an additional 91 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Electronic Arts by 4.1% in the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company's stock worth $322,000 after purchasing an additional 93 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00. Following the sale, the chief executive officer now directly owns 23,430 shares of the company's stock, valued at approximately $2,980,061.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00. Following the sale, the chief executive officer now directly owns 23,430 shares of the company's stock, valued at approximately $2,980,061.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the sale, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,144 shares of company stock valued at $5,114,335. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EA. BMO Capital Markets began coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an "outperform" rating and a $160.00 price target for the company. Oppenheimer reiterated an "outperform" rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Tuesday. Benchmark reiterated a "buy" rating and issued a $153.00 price objective on shares of Electronic Arts in a report on Thursday, April 18th. Stifel Nicolaus lifted their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 18th. Finally, Wedbush reiterated an "outperform" rating and issued a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.00.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded up $0.59 during mid-day trading on Friday, reaching $127.90. 1,220,587 shares of the company traded hands, compared to its average volume of 1,997,236. The company's 50 day moving average price is $133.38 and its 200-day moving average price is $134.50. The firm has a market cap of $34.19 billion, a PE ratio of 32.22, a PEG ratio of 1.78 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the firm posted $2.29 earnings per share. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts expect that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.

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.