Teachers Retirement System of The State of Kentucky Sells 1,335 Shares of Electronic Arts Inc. (NASDAQ:EA)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.7% in the third quarter, Holdings Channel.com reports. The firm owned 18,740 shares of the game software company’s stock after selling 1,335 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Electronic Arts were worth $2,688,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EA. Larson Financial Group LLC increased its position in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after purchasing an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock valued at $394,000 after purchasing an additional 79 shares during the last quarter. Shepherd Financial Partners LLC increased its stake in Electronic Arts by 1.6% during the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after purchasing an additional 88 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after buying an additional 94 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares of the company’s stock, valued at $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,500 shares of company stock worth $2,866,400 over the last three months. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Stock Down 3.1 %

NASDAQ EA opened at $157.62 on Monday. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $41.34 billion, a P/E ratio of 40.52, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The stock’s 50-day moving average price is $156.02 and its 200-day moving average price is $147.60.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. Robert W. Baird upped their target price on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Company 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.