State of Tennessee Department of Treasury Sells 6,697 Shares of Electronic Arts Inc. (NASDAQ:EA)

State of Tennessee Department of Treasury lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,820 shares of the game software company's stock after selling 6,697 shares during the quarter. State of Tennessee Department of Treasury's holdings in Electronic Arts were worth $11,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth $32,000. Millstone Evans Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter worth $37,000. SBI Securities Co. Ltd. acquired a new stake in shares of Electronic Arts during the fourth quarter worth $41,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Electronic Arts during the fourth quarter valued at $42,000. Institutional investors own 90.23% of the company's stock.

Insider Buying and Selling at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total transaction of $218,475.00. Following the sale, the executive vice president now directly owns 19,033 shares of the company's stock, valued at $2,772,156.45. This trade represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock valued at $3,032,740 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

EA stock traded up $0.41 during midday trading on Friday, hitting $146.60. 1,836,648 shares of the company traded hands, compared to its average volume of 2,650,466. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The stock has a market capitalization of $38.21 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a 50 day simple moving average of $139.36 and a 200-day simple moving average of $144.47.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, equities research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts's payout ratio is 19.34%.

Analyst Ratings Changes

A number of analysts have commented on EA shares. Roth Mkm reduced their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Citigroup reduced their price target on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Stifel Nicolaus lowered their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research report on Friday, January 31st. Finally, Robert W. Baird dropped their price target on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a research report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $154.22.

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.