Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its position in Electronic Arts Inc. (NASDAQ:EAFree Report) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,943 shares of the game software company’s stock after selling 3,689 shares during the period. Texas Permanent School Fund Corp’s holdings in Electronic Arts were worth $6,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in Electronic Arts by 7.0% during the 2nd quarter. BlackRock Inc. now owns 25,779,074 shares of the game software company’s stock worth $3,343,546,000 after purchasing an additional 1,690,474 shares during the period. Vanguard Group Inc. boosted its stake in Electronic Arts by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 21,802,596 shares of the game software company’s stock worth $2,758,246,000 after purchasing an additional 149,746 shares during the period. State Street Corp boosted its stake in Electronic Arts by 5.6% during the 2nd quarter. State Street Corp now owns 13,638,706 shares of the game software company’s stock worth $1,768,940,000 after purchasing an additional 726,005 shares during the period. Geode Capital Management LLC boosted its stake in Electronic Arts by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,936,503 shares of the game software company’s stock worth $768,078,000 after purchasing an additional 127,547 shares during the period. Finally, Morgan Stanley boosted its stake in Electronic Arts by 62.1% during the 4th quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock worth $390,128,000 after purchasing an additional 1,223,195 shares during the period. 90.42% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

NASDAQ:EA opened at $140.61 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $137.65 and a two-hundred day moving average price of $130.07. Electronic Arts Inc. has a twelve month low of $108.53 and a twelve month high of $143.47. The company has a market capitalization of $37.59 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78.

Electronic Arts (NASDAQ:EAGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the business earned $2.29 earnings per share. Electronic Arts’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, research analysts expect that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is 19.14%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EA shares. Roth Mkm increased their price target on shares of Electronic Arts from $138.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Wedbush restated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. TheStreet upgraded shares of Electronic Arts from a “c+” rating to a “b-” rating in a research report on Monday, November 27th. Wolfe Research assumed coverage on shares of Electronic Arts in a research report on Tuesday, December 12th. They set a “peer perform” rating for the company. Finally, StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 1st. Eight investment 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 stock. According to data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and an average price target of $146.94.

Check Out Our Latest Stock Analysis on Electronic Arts

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $134.45, for a total transaction of $134,450.00. Following the transaction, the insider now directly owns 20,922 shares of the company’s stock, valued at $2,812,962.90. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $134.45, for a total transaction of $134,450.00. Following the sale, the insider now owns 20,922 shares in the company, valued at $2,812,962.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $138.01, for a total transaction of $110,408.00. Following the sale, the insider now owns 30,283 shares in the company, valued at approximately $4,179,356.83. The disclosure for this sale can be found here. Insiders have sold a total of 27,031 shares of company stock valued at $3,710,113 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Electronic Arts Profile

(Free Report)

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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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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