Oregon Public Employees Retirement Fund Has $3.23 Million Holdings in Electronic Arts Inc. (EA)

Oregon Public Employees Retirement Fund reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,784 shares of the game software company’s stock after selling 1,478 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Electronic Arts were worth $3,230,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Penserra Capital Management LLC acquired a new position in Electronic Arts during the 4th quarter worth about $28,000. Baystate Wealth Management LLC lifted its stake in Electronic Arts by 373.1% during the 4th quarter. Baystate Wealth Management LLC now owns 317 shares of the game software company’s stock worth $29,000 after acquiring an additional 250 shares in the last quarter. North Star Investment Management Corp. acquired a new position in Electronic Arts during the 1st quarter worth about $29,000. Ropes Wealth Advisors LLC acquired a new position in Electronic Arts during the 1st quarter worth about $34,000. Finally, Bremer Trust National Association acquired a new position in Electronic Arts during the 4th quarter worth about $35,000. Institutional investors own 92.60% of the company’s stock.

In other news, insider Laura Miele sold 1,250 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $96.56, for a total value of $120,700.00. Following the completion of the transaction, the insider now directly owns 5,758 shares of the company’s stock, valued at $555,992.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $96.57, for a total value of $869,130.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,900 shares of company stock valued at $7,349,568. 2.24% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on the company. BidaskClub raised Electronic Arts from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. UBS Group raised their target price on Electronic Arts from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Oppenheimer raised their target price on Electronic Arts from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Barclays set a $102.00 target price on Electronic Arts and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Credit Suisse Group raised their target price on Electronic Arts from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the company. Electronic Arts presently has an average rating of “Buy” and an average price target of $111.32.

Shares of EA stock opened at $95.65 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 2.99 and a debt-to-equity ratio of 0.19. Electronic Arts Inc. has a twelve month low of $73.91 and a twelve month high of $151.26. The company has a market capitalization of $28.65 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 1.56 and a beta of 1.12.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, May 7th. The game software company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.43. Electronic Arts had a return on equity of 22.62% and a net margin of 20.59%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $1.31 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts expect that Electronic Arts Inc. will post 3.79 EPS for the current year.

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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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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