North Dakota State Investment Board Makes New $2.66 Million Investment in Electronic Arts Inc. $EA

North Dakota State Investment Board bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, Holdings Channel reports. The firm bought 13,029 shares of the game software company’s stock, valued at approximately $2,662,000.

A number of other institutional investors have also recently bought and sold shares of EA. Ameriflex Group Inc. boosted its position in shares of Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares in the last quarter. Oakworth Capital Inc. bought a new position in shares of Electronic Arts during the third quarter worth $30,000. Salomon & Ludwin LLC boosted its position in shares of Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after purchasing an additional 57 shares in the last quarter. Tidemark LLC bought a new position in shares of Electronic Arts during the third quarter worth $50,000. Finally, Asset Dedication LLC boosted its position in shares of Electronic Arts by 333.3% during the third quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock worth $52,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.2%

EA opened at $201.05 on Tuesday. The stock has a market capitalization of $50.41 billion, a P/E ratio of 57.61, a P/E/G ratio of 2.21 and a beta of 0.66. Electronic Arts Inc. has a 12 month low of $141.19 and a 12 month high of $204.88. The firm’s fifty day simple moving average is $201.77 and its 200 day simple moving average is $202.21. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s payout ratio is currently 21.78%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the sale, the insider directly owned 27,560 shares of the company’s stock, valued at $5,534,323.60. The trade was a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $200.54, for a total transaction of $1,002,700.00. Following the sale, the chief executive officer directly owned 18,858 shares in the company, valued at $3,781,783.32. This trade represents a 20.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 26,100 shares of company stock valued at $5,252,250. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EA. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research report on Monday, May 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Citigroup lifted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $196.64.

About Electronic Arts

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.