National Pension Service Has $62.80 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

National Pension Service lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 48.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 429,219 shares of the game software company’s stock after selling 399,919 shares during the period. National Pension Service’s holdings in Electronic Arts were worth $62,795,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Electronic Arts in the 3rd quarter valued at approximately $25,000. Pinnacle Bancorp Inc. raised 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 acquiring an additional 117 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Electronic Arts in the 3rd quarter valued at approximately $36,000. Larson Financial Group LLC raised its holdings in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its holdings in Electronic Arts by 1,458.3% in the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock valued at $55,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. This trade represents a 9.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 30,216 shares in the company, valued at $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,500 shares of company stock worth $3,593,095. Insiders own 0.22% of the company’s stock.

Electronic Arts Stock Down 0.6 %

Shares of EA opened at $130.46 on Friday. The firm has a market capitalization of $34.00 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The business’s fifty day moving average price is $135.46 and its two-hundred day moving average price is $145.85. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS 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%. On average, analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. Electronic Arts’s payout ratio is 19.34%.

Analyst Upgrades and Downgrades

EA has been the subject of several recent research reports. Citigroup cut their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. BMO Capital Markets dropped their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Argus increased their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Bank of America increased their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Finally, Benchmark dropped their target price on Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $154.55.

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.