Electronic Arts Inc. $EA Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 162,956 shares of the game software company’s stock after purchasing an additional 15,900 shares during the quarter. New York State Common Retirement Fund’s holdings in Electronic Arts were worth $32,868,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Electronic Arts by 5.8% in the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after acquiring an additional 932,024 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Electronic Arts by 44.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after acquiring an additional 1,300,336 shares during the period. Invesco Ltd. raised its position in Electronic Arts by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock valued at $656,735,000 after purchasing an additional 378,824 shares during the last quarter. First Trust Advisors LP boosted its stake in Electronic Arts by 17.0% during the 2nd quarter. First Trust Advisors LP now owns 2,430,876 shares of the game software company’s stock worth $388,211,000 after purchasing an additional 353,327 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Electronic Arts by 50.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock worth $377,726,000 after purchasing an additional 791,978 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.0%

Electronic Arts stock opened at $203.92 on Friday. The stock’s 50 day moving average price is $203.83 and its 200 day moving average price is $188.91. Electronic Arts Inc. has a 1-year low of $120.22 and a 1-year high of $204.88. The company has a market cap of $51.00 billion, a PE ratio of 59.63, a price-to-earnings-growth ratio of 2.46 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. Electronic Arts’s revenue was down 12.6% compared to the same quarter last year. During the same period last year, the business posted $1.11 EPS. On average, sell-side analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of research reports. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Citigroup boosted their price target on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Morgan Stanley lifted their target price on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, Benchmark reissued a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $187.19.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $204.30, for a total transaction of $245,160.00. Following the completion of the sale, the insider directly owned 32,360 shares in the company, valued at approximately $6,611,148. This trade represents a 3.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $201.65, for a total value of $302,475.00. Following the completion of the sale, the chief financial officer owned 5,595 shares in the company, valued at approximately $1,128,231.75. This represents a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 123,769 shares of company stock valued at $24,943,734 in the last quarter. Insiders own 0.24% of the company’s stock.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.