State of New Jersey Common Pension Fund D Sells 332 Shares of Electronic Arts Inc. (NASDAQ:EA)

State of New Jersey Common Pension Fund D reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,056 shares of the game software company’s stock after selling 332 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Electronic Arts were worth $13,175,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EA. Ashton Thomas Securities LLC acquired a new position in shares of Electronic Arts in the third quarter valued at about $25,000. Pinnacle Bancorp Inc. boosted its holdings in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts during the 3rd quarter worth approximately $36,000. Larson Financial Group LLC increased its holdings in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. raised its position in shares of Electronic Arts by 1,458.3% in the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock valued at $55,000 after buying an additional 350 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Trading Down 0.3 %

Shares of NASDAQ EA opened at $129.40 on Tuesday. The firm has a 50 day moving average price of $139.70 and a two-hundred day moving average price of $146.72. The stock has a market cap of $33.72 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 2.74 and a beta of 0.79. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities analysts forecast that Electronic Arts Inc. will post 4.99 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is presently 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the transaction, the insider now directly owns 47,514 shares of the company’s stock, valued at $6,216,256.62. The trade was a 5.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the sale, the insider now directly owns 30,216 shares of the company’s stock, valued at $4,969,021.20. This represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,500 shares of company stock valued at $3,644,635. 0.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EA shares. Benchmark lowered their price objective on Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Citigroup decreased their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus cut their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and raised their target price for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Finally, Oppenheimer cut their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $155.24.

About Electronic Arts

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.