New York Life Investment Management LLC Sells 787 Shares of Electronic Arts Inc. $EA

New York Life Investment Management LLC decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 34,714 shares of the game software company’s stock after selling 787 shares during the quarter. New York Life Investment Management LLC’s holdings in Electronic Arts were worth $5,544,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Motley Fool Asset Management LLC grew its holdings in shares of Electronic Arts by 13.7% in the 2nd quarter. Motley Fool Asset Management LLC now owns 16,464 shares of the game software company’s stock valued at $2,629,000 after acquiring an additional 1,986 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Electronic Arts by 3.6% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 91,939 shares of the game software company’s stock valued at $14,683,000 after acquiring an additional 3,200 shares in the last quarter. Advisory Alpha LLC grew its holdings in shares of Electronic Arts by 3.5% in the 2nd quarter. Advisory Alpha LLC now owns 5,586 shares of the game software company’s stock valued at $892,000 after acquiring an additional 188 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Electronic Arts by 31.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 92,917 shares of the game software company’s stock valued at $14,839,000 after acquiring an additional 22,071 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Electronic Arts in the 2nd quarter valued at about $6,726,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Down 0.0%

Shares of EA stock opened at $200.20 on Thursday. The firm has a 50 day moving average price of $185.04 and a two-hundred day moving average price of $164.23. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $50.09 billion, a PE ratio of 58.54, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 19.05%.

Insider Activity

In other Electronic Arts news, CFO Stuart Canfield sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares in the company, valued at $1,045,476. This trade represents a 55.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $200.80, for a total transaction of $240,960.00. Following the sale, the executive vice president owned 24,880 shares of the company’s stock, valued at $4,995,904. This trade represents a 4.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 41,900 shares of company stock valued at $7,748,187. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Arete upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective for the company in a report on Tuesday, August 5th. DZ Bank downgraded shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 29th. HSBC downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price for the company. in a research note on Monday, September 29th. BMO Capital Markets raised their target price on shares of Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research note on Tuesday, September 30th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $210.00 target price (up from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $179.38.

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.