National Pension Service Has $93.45 Million Stake in Electronic Arts Inc. $EA

National Pension Service trimmed its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 457,333 shares of the game software company’s stock after selling 12,111 shares during the period. National Pension Service’s holdings in Electronic Arts were worth $93,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of EA. Brighton Jones LLC grew its position in Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after purchasing an additional 294 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Electronic Arts by 167.0% during the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after acquiring an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after acquiring an additional 190 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Electronic Arts during the 2nd quarter valued at about $2,323,000. Finally, NewEdge Advisors LLC boosted its position in shares of Electronic Arts by 96.4% during the 2nd quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock valued at $490,000 after acquiring an additional 1,505 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EA. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Citigroup lifted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $196.64.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,066 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.66, for a total value of $1,021,609.56. Following the transaction, the chief executive officer directly owned 85,974 shares in the company, valued at $17,337,516.84. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total transaction of $302,040.00. Following the completion of the transaction, the chief financial officer owned 25,991 shares in the company, valued at approximately $5,233,547.76. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 39,906 shares of company stock valued at $8,032,336 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $201.72 on Friday. The firm has a market cap of $50.58 billion, a P/E ratio of 57.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. Electronic Arts Inc. has a twelve month low of $141.19 and a twelve month 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 firm’s 50-day simple moving average is $202.07 and its 200-day simple moving average is $202.25.

Electronic Arts Announces Dividend

The company also recently declared 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. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is 21.78%.

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.