Vestcor Inc Has $27.23 Million Stock Position in Electronic Arts Inc. $EA

Vestcor Inc grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 18.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 133,281 shares of the game software company’s stock after buying an additional 20,613 shares during the quarter. Electronic Arts accounts for approximately 0.8% of Vestcor Inc’s portfolio, making the stock its 17th biggest position. Vestcor Inc’s holdings in Electronic Arts were worth $27,233,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EA. Ameriflex Group Inc. raised its holdings in shares of Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after acquiring an additional 69 shares during the last quarter. Fideuram Asset Management Ireland dac acquired a new stake in shares of Electronic Arts in the 4th quarter worth about $44,000. Geneos Wealth Management Inc. raised its holdings in shares of Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Electronic Arts by 32.8% in the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after acquiring an additional 57 shares during the last quarter. Finally, Asset Dedication LLC raised its holdings in shares of Electronic Arts by 333.3% in the 3rd quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock worth $52,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.54, for a total value of $501,350.00. Following the completion of the sale, the insider directly owned 40,843 shares of the company’s stock, valued at approximately $8,190,655.22. This represents a 5.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $200.81, for a total transaction of $240,972.00. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,906 shares of company stock worth $8,032,336 in the last ninety days. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Trading Down 0.2%

Shares of EA stock opened at $203.00 on Friday. Electronic Arts Inc. has a 52-week low of $145.54 and a 52-week high of $204.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50-day simple moving average of $202.21 and a two-hundred day simple moving average of $202.29. The company has a market capitalization of $50.90 billion, a price-to-earnings ratio of 58.17, a PEG ratio of 2.24 and a beta of 0.65.

Electronic Arts Dividend Announcement

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

Wall Street Analyst Weigh In

EA has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Citigroup upped their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday. Finally, Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $196.64.

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.