Retirement Systems of Alabama Sells 41,799 Shares of Electronic Arts Inc. (NASDAQ:EA)

Retirement Systems of Alabama decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 641,444 shares of the game software company’s stock after selling 41,799 shares during the period. Retirement Systems of Alabama owned 0.24% of Electronic Arts worth $87,756,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EA. Vanguard Group Inc. lifted its position in shares of Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after buying an additional 3,600,388 shares in the last quarter. DNB Asset Management AS lifted its position in shares of Electronic Arts by 82.3% in the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after buying an additional 1,064,022 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in shares of Electronic Arts in the third quarter worth about $75,124,000. Assenagon Asset Management S.A. lifted its position in shares of Electronic Arts by 480.5% in the third quarter. Assenagon Asset Management S.A. now owns 499,277 shares of the game software company’s stock worth $60,113,000 after buying an additional 413,276 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after buying an additional 389,063 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the transaction, the chief executive officer now owns 23,430 shares in the company, valued at approximately $2,980,061.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00. Following the completion of the transaction, the chief executive officer now owns 23,430 shares in the company, valued at approximately $2,980,061.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the transaction, the insider now owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock worth $5,114,335 in the last 90 days. Insiders own 0.20% of the company’s stock.

Electronic Arts Stock Up 0.5 %

Shares of EA traded up $0.59 during midday trading on Friday, hitting $127.90. 1,220,603 shares of the company’s stock traded hands, compared to its average volume of 1,679,358. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The firm’s fifty day moving average is $133.38 and its 200-day moving average is $134.58. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the company posted $2.29 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 5.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EA. Benchmark restated a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. BMO Capital Markets began coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. UBS Group decreased their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Oppenheimer restated an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday, April 23rd. Finally, Stifel Nicolaus upped their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Electronic Arts Profile

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.