New Mexico Educational Retirement Board Sells 600 Shares of Electronic Arts Inc. (NASDAQ:EA)

New Mexico Educational Retirement Board lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,563 shares of the game software company’s stock after selling 600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Electronic Arts were worth $2,487,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EA. FMR LLC grew its position in Electronic Arts by 10.8% during the first quarter. FMR LLC now owns 16,439,841 shares of the game software company’s stock valued at $1,670,780,000 after buying an additional 1,598,653 shares during the period. Marshall Wace North America L.P. grew its position in Electronic Arts by 1,091.0% during the first quarter. Marshall Wace North America L.P. now owns 1,263,601 shares of the game software company’s stock valued at $128,421,000 after buying an additional 1,157,504 shares during the period. Wells Fargo & Company MN grew its position in Electronic Arts by 72.9% during the first quarter. Wells Fargo & Company MN now owns 1,748,806 shares of the game software company’s stock valued at $177,732,000 after buying an additional 737,527 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in Electronic Arts by 71.9% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,469,320 shares of the game software company’s stock valued at $149,328,000 after buying an additional 614,455 shares during the period. Finally, TD Asset Management Inc. grew its position in Electronic Arts by 320.6% during the first quarter. TD Asset Management Inc. now owns 797,388 shares of the game software company’s stock valued at $81,039,000 after buying an additional 607,816 shares during the period. Institutional investors own 92.43% of the company’s stock.

EA has been the topic of several recent research reports. Stephens reaffirmed a “buy” rating on shares of Electronic Arts in a report on Wednesday. Bank of America upped their price objective on shares of Electronic Arts from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Barclays set a $102.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a report on Wednesday, May 8th. Credit Suisse Group upped their price objective on shares of Electronic Arts from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Piper Jaffray Companies set a $112.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have assigned a buy rating to the company. Electronic Arts currently has a consensus rating of “Buy” and an average price target of $113.10.

In related news, Director Luis A. Ubinas sold 3,389 shares of Electronic Arts stock in a transaction on Monday, August 5th. The shares were sold at an average price of $89.23, for a total value of $302,400.47. Following the sale, the director now owns 306 shares in the company, valued at $27,304.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $92.03, for a total transaction of $828,270.00. The disclosure for this sale can be found here. Insiders sold 88,983 shares of company stock worth $8,659,098 in the last 90 days. Company insiders own 2.18% of the company’s stock.

NASDAQ EA traded up $0.20 on Friday, reaching $94.82. 787,010 shares of the company’s stock traded hands, compared to its average volume of 4,036,539. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.52 and a quick ratio of 3.52. Electronic Arts Inc. has a 12 month low of $73.91 and a 12 month high of $130.57. The stock has a market cap of $27.32 billion, a PE ratio of 24.13, a P/E/G ratio of 2.08 and a beta of 1.01. The stock has a 50-day simple moving average of $91.21 and a 200 day simple moving average of $95.33.

Electronic Arts 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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