North Dakota State Investment Board Invests $2.66 Million in Electronic Arts Inc. $EA

North Dakota State Investment Board acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,029 shares of the game software company’s stock, valued at approximately $2,662,000.

Other hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. increased its holdings in shares of Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Electronic Arts during the third quarter worth approximately $30,000. Geneos Wealth Management Inc. increased its holdings in shares of Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after buying an additional 190 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in shares of Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after buying an additional 57 shares in the last quarter. Finally, Tidemark LLC acquired a new stake in shares of Electronic Arts in the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $201.05 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $50.41 billion, a P/E ratio of 57.61, a P/E/G ratio of 2.21 and a beta of 0.66. The firm has a 50 day simple moving average of $201.77 and a 200 day simple moving average of $202.21. Electronic Arts Inc. has a fifty-two week low of $141.19 and a fifty-two week high of $204.88.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s payout ratio is currently 21.78%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction on Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the completion of the sale, the insider owned 27,560 shares of the company’s stock, valued at approximately $5,534,323.60. The trade was a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Friday, May 15th. The stock was sold at an average price of $200.54, for a total transaction of $501,350.00. Following the sale, the insider directly owned 40,843 shares of the company’s stock, valued at $8,190,655.22. This represents a 5.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 26,100 shares of company stock valued at $5,252,250. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EA shares. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a report on Monday, May 4th. Finally, Citigroup raised their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and a consensus target price of $196.64.

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.