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Electronic Arts Inc. is purchased by Alaska Permanent Fund Corp for 1,576 shares (NASDAQ:EA)

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Electronic Arts Inc. is purchased by Alaska Permanent Fund Corp for 1,576 shares (NASDAQ:EA)


The latest Kind 13F submitting that Alaska Everlasting Fund Corp. made with the Securities and Change Fee revealed that through the third quarter, the corporate elevated the share of Digital Arts Inc. (NASDAQ: EA) shares that it owned by 84.6%. After making further purchases amounting to 1,576 shares over the earlier month, the institutional investor’s funding portfolio at present incorporates 3,438 shares within the recreation software program firm. The latest disclosure that Alaska Everlasting Fund Corp. made to the Securities and Change Fee revealed that the worth of the corporate’s holdings in Digital Arts was $398,000. The necessities of the Securities and Change Fee submitted the disclosure.

Current adjustments have been made to the possession percentages of the corporate that hedge funds and different institutional traders previously held. Northern Oak Wealth Administration Inc. elevated its complete stake in Digital Arts by roughly one % through the second quarter by buying an extra roughly $25,000 price of the corporate’s inventory. In the course of the second quarter, Neo Ivy Capital Administration made a 70.1% enhance within the proportion of the corporate’s holdings allotted to Digital Arts. Neo Ivy Capital Administration now has 262 shares of the sport software program firm’s inventory, valued at $31,000, after buying an extra 108 shares through the interval in query. These shares had been bought through the interval in query. Riverview Belief Firm paid roughly 32,000 {dollars} to amass a brand new stake in Digital Arts through the third quarter of the fiscal 12 months. J.W. Cole Advisors Inc. elevated the quantity of Digital Arts inventory it held by roughly $35,000 over the 12 months’s first three months. And at last, through the third quarter of the fiscal 12 months, Pinnacle Monetary Companions Inc. spent roughly $36,000 to amass a brand new stake in Digital Arts. Institutional traders personal the corporate’s inventory at 89.46%, and these traders have invested within the firm.

On the subject of EA, the opinions of a number of distinct scientific our bodies have been introduced. Truist Monetary acknowledged in a analysis report made obtainable to most people on Monday, November twenty eighth, that they’d decreased their goal value for Digital Arts shares from $154.00 to $150.00. Wedbush rated the inventory as “outperforming” in a analysis report printed on November 2nd, and the agency elevated its value goal on Digital Arts shares from $160.00 to $164.00 throughout the identical interval. Earlier than this, the worth aim was set at $170.00. In a analysis report printed on September fifteenth, Atlantic Securities downgraded the inventory from “obese” to “impartial” and lowered their value goal for Digital Arts from $140.00 to $130.00. The report additionally acknowledged that the worth goal for Digital Arts was lowered. They defined their selection by stating that it was derived from their state of affairs analysis. Ascendiant Capital Markets lowered their value goal on shares of Digital Arts from $156.00 to $152.00 whereas sustaining a “purchase” ranking on the inventory in a analysis word printed on Monday, December nineteenth. That is the place you could find the up to date value goal. Lastly, Credit score Suisse Group decreased their value goal on Digital Arts shares from $144.00 to $143.00 whereas sustaining an “outperform” ranking on the corporate’s inventory in a analysis word issued on November 2nd. That is the final however not the least of the adjustments. Eleven funding analysts suggest shopping for the inventory, and there may be one analyst who strongly recommends shopping for the corporate. Six funding analysts advise shareholders to keep up their present holdings within the firm’s inventory. In line with Bloomberg, the inventory is rated as a “Average Purchase” by market analysts, and the worth goal for the inventory is at present set at $148.10 per share.

As well as, Chief Monetary Officer Laura Miele offered 1,500 of the corporate’s shares on January third, bringing her complete gross sales to 2,250. A complete of $185,385.00 was obtained for the sale of the shares, which works out to a mean value of $123.59 per share. Following the completion of the transaction, the chief working officer may have a complete of 31,082 shares within the firm, every of which is roughly price $3,841,424.38 at current. The Securities and Change Fee was given authorized documentation concerning the transaction, which may be seen solely by following the hyperlink supplied within the earlier sentence. The documentation was supplied to the SEC. In different information, on November seventeenth, Andrew Wilson, the corporate’s CEO, offered 10,000 of the corporate’s shares of inventory. This was reported in one other piece of reports.

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The whole quantity obtained for the sale of the shares was $1,286,100.00, which works out to a mean value of $128.61 per share. The completion of the transaction has resulted within the firm’s CEO now immediately proudly owning 95,274 shares of the corporate. The whole worth of those shares is roughly $12,253,189.14. One can entry the authorized file containing the disclosure of the transaction by going to the Securities and Change Fee (SEC) web site. As well as, Chief Monetary Officer Laura Miele offered 1,500 of the corporate’s shares on January third, bringing her complete gross sales to 2,250. A complete of $185,385.00 was obtained for the sale of the shares, which works out to a mean value of $123.59 per share. Because of the profitable completion of the transaction, the chief working officer at present owns 31,082 shares within the firm. When traded in the marketplace, the present worth of those shares is $3,841,424.38. The disclosure concerning the buy may be discovered on this explicit location. Company insiders had been liable for promoting a complete of 35,785 shares throughout the newest three months, which resulted in complete income of $4,550,770 being collected by the corporate. The corporate’s insiders personal 0.37 % of the overall variety of shares excellent.

The opening value of a share on the NASDAQ EA on Friday was $126.42 per share. A debt-to-equity ratio of 0.24, a fast ratio of 1.34, a present ratio of 1.34, and a fast ratio of 1.34 are all current. The corporate has a price-to-earnings ratio of 39.38, a price-to-earnings-to-growth ratio of 1.97, and a beta worth of 0.88. The market capitalization of the corporate is at present sitting at $34.90 billion. The inventory value has been $126.22 on a shifting common foundation over the previous 50 days, whereas the worth has been $125.84 on a shifting common foundation over the previous 200 days. Digital Arts Inc. reached a low level over the previous 12 months of $109.24, whereas the corporate reached a excessive level over the previous 12 months of $142.79.

Digital Arts (NASDAQ: EA) introduced the quarterly monetary outcomes that it had been engaged on November 1. These outcomes had been launched on Tuesday. Earnings per share for the three months supplied by the online game software program supplier got here in at $0.87, which was $0.05 lower than the $0.92 that analysts had anticipated earnings per share can be. The corporate Digital Arts had a return on fairness of 16.42%, and its internet margin was 12.37%. The corporate’s quarterly income got here in at a greater than respectable $1.75 billion, which compares favorably to the typical estimate of $1.78 billion floating across the web. The bulk opinion of monetary market analysts is that Digital Arts Inc. will efficiently generate earnings of $5.53 per share through the present fiscal 12 months.

A quarterly dividend was only in the near past declared and distributed by the corporate, and it was distributed on the twenty first of December. As well as, the corporate only in the near past introduced and distributed a dividend. On the thirtieth of November, dividend funds of $0.19 per share had been distributed to traders already on file. Due to this fact, Tuesday, November 29, was the date that shareholders had been required.



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Alaska

Western Alaska storm and southerly flow drives warmth back into the state

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Western Alaska storm and southerly flow drives warmth back into the state


ANCHORAGE, Alaska (KTUU) – Gusty winds and heavy snow has begun to spread into Western and Southwest Alaska, with a surge of warmer air. Temperatures in Southwest Alaska is already 10 to 35 degrees warmer than yesterday morning. This warmth will spread across the rest of the state through the weekend, with some of the most pronounced warmth along the Slope. We’ll see many areas this weekend into next week remaining well-above average.

SOUTHCENTRAL:

Temperatures are slowly warming across Southcentral, with many areas seeing cloud coverage increasing. While we could see some peeks of sunshine today, most locations will see mostly cloudy conditions. While we can’t rule out light flurries for inland locations, most of the precipitation today will occur near the coast. Snow looks to be the primary precipitation type, although later this evening a transition to rain or wintry mix will occur. This comes as temperatures quickly warm across Southcentral.

We’ll see highs today in the upper 20s and lower 30s for inland areas, while coastal regions warm into the 30s and 40s. The southerly flow aloft will remain with us for several days, pumping in the warmth and moisture. As a result, Kodiak could see over an inch of rain today, with gusty winds.

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While most of the precipitation this weekend remains near the coast, inland areas will see the best chance for wintry mix Sunday into Monday. Little to no accumulation is expected.

The key takeaways for this weekend, is snow transitioning to rain, with some gusty winds likely for parts of Southcentral this weekend.

SOUTHEAST:

Another fairly quiet day is expected across Southeast today, outside of some light snow near Yakutat. We’ll see a mix of sun and clouds with temperatures remaining on the cooler side. Parts of the Northern Panhandle may stay in the upper 20s today. The stretch of quiet weather will stay with us through the first half of Saturday, followed by an increase in precipitation and winds. This upcoming system may bring some heavy snowfall to Southeast, so be prepared for that potential this weekend. Temperatures warm into next week, back into the upper 30s and lower 40s for many areas.

INTERIOR:

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While temperatures this morning have bottomed out as low as -30 near Fort Yukon, temperatures will warm into the weekend. A wind advisory for the Alaska Range goes into effect at 9 Friday morning, where winds up to 60 mph will warm the Interior. Temperatures today for many locations will warm into the single digits, with some of the greatest warming arriving Saturday through next week. It’s likely we’ll spend most of next week with temperatures in the 20s and 30s, with the warmest locations near the Alaska Range. While we will largely stay dry, there is a chance for some light snow arriving Sunday night into Monday.

SLOPE/WESTERN ALASKA:

Temperatures will remain slightly above average for parts of the Slope today, with warming winds to build into the Slope this weekend. This comes as our area of low pressure in the Bering Sea continues to move farther north. Be prepared for gusty easterly winds along the Slope, leading to blowing snow and reduced visibility. We’ll see temperatures quickly warm well above average, with highs climbing into the 20s and 30s along the Slope into next week. While some snow is possible through the weekend, the heaviest activity will occur for the Brooks Range. We’ll see the potential for 4 to 12 inches of snowfall, with the highest amounts occurring along the southern slopes of the Brooks Range near Kobuk Valley. Winds could gusts as high as 45 mph, leading to greatly reduced visibility.

Heavy snow is impacting Western and Southwest Alaska this morning, with winds gusting up to 50 mph. Numerous winter weather alerts, as well as a coastal flood advisory is in effect. The heaviest snow will fall for the Seward Peninsula and east of Norton Sound, where up to a foot or more of snow is to be expected. The heaviest amounts will fall today, with the activity set to lighten up through Sunday. In addition to the snow, gusty winds will lead to areas of blowing snow. Visibility could be reduced down to less than half a mile at times. As southerly flow continues to pump in warmth, we’ll see a transition from snow to rain later today into Saturday for parts of Southwest Alaska.

ALEUTIANS:

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Gusty winds and heavy rain will fall through the Aleutians today, where up to .75″ of rain is possible. As the area of low pressure moves north, we’ll see a new low form just south of the Eastern Aleutians. This will lead to additional rain and winds into the weekend. Winds could gusts upwards of 50 mph through the Eastern Aleutians and through the Alaska Peninsula. With ridging to our east, more rain and winds remain with us into early next week. There is the potential that the Pribilof Islands see a return to snow Sunday, as colder air moves into the Bering Sea.

OUTLOOK AHEAD:

Well above average warmth will stay with us as we close out January. While one more short-lived cold snap is possible, we may have to wait until February before we tap into warmer conditions. Temperatures through the close of January will keep average monthly temperatures 5 to 12 degrees above average for much of the state. The overall trend still favors a wetter pattern, although with warmer weather the southern parts of the state will favor more rain or a mixed bag of precipitation.

Have a wonderful and safe holiday weekend.

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Alaska

Alaska governor, ally of Trump, will keep flags at full-staff for Inauguration Day • Alaska Beacon

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Alaska governor, ally of Trump, will keep flags at full-staff for Inauguration Day • Alaska Beacon


Alaska will join several other Republican-led states by keeping flags at full-staff on Inauguration Day despite the national period of mourning following President Jimmy Carter’s death last month.

Gov. Mike Dunleavy announced his decision, which breaks prior precedent, in a statement on Thursday. It applies only to flags on state property. Flags on federal property are expected to remain at half-staff.

Flags on state property will be returned to half-staff after Inauguration Day for the remainder of the mourning period.

The governors of Indiana, Idaho, Iowa, Texas, Florida, Tennessee, Oklahoma, North Dakota, Nebraska, Montana and Alabama, among others, have announced similar moves. 

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U.S. Speaker of the House Mike Johnson, a Republican from Louisiana, said on Tuesday that flags at the U.S. Capitol would remain at full-staff on Inauguration Day. 

Their actions follow a statement from President-elect Donald Trump, who said in a Jan. 3 social media post that Democrats would be “giddy” to have flags lowered during his inauguration, adding, “Nobody wants to see this, and no American can be happy about it. Let’s see how it plays out.”

Dunleavy is seen as a friend of the incoming president and has met with him multiple times over the past year. Dunleavy and 21 other Republican governors visited Trump last week in Florida at an event that Trump described as “a love fest.”

Since 1954, flags have been lowered to half-staff during a federally prescribed 30-day mourning period following presidential deaths. In 1973, the second inauguration of President Richard Nixon took place during the mourning period that followed the death of President Harry Truman. 

Then-Gov. Bill Egan made no exceptions for Alaska, contemporary news accounts show, and no exception was made for Nixon’s inauguration in Washington, D.C., either. 

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A spokesperson for Dunleavy’s office said the new precedent is designed to be a balance between honoring the ongoing mourning period for former President Jimmy Carter and recognizing the importance of the peaceful transition of power during the presidential inauguration. 

“Temporarily raising the flags to full-staff for the inauguration underscores the significance of this democratic tradition, while returning them to half-staff afterward ensures continued respect for President Carter’s legacy,” the spokesperson said.

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Federal disaster declaration approved for Northwest Alaska flooding

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Federal disaster declaration approved for Northwest Alaska flooding


ANCHORAGE, Alaska (KTUU) – President Joe Biden announced the approval of federal disaster assistance on Thursday for recovery efforts in areas that sustained damage from flooding and storms in October 2024.

Those areas include the Bering Strait Regional Educational Attendance Area (REAA) and the Northwest Arctic Borough area where many structures were damaged by a severe storm from Oct. 20-23, 2024.

Jerry Jones and his two children were rescued Wednesday after being stranded overnight on the roof of their flooded cabin about 15 miles north of Kotzebue during a large storm impacting Western Alaska.(Courtesy of Jerry Jones)
Kotzebue Flooding
Kotzebue Flooding(Michelle Kubalack)

In a press release, FEMA announced that federal funding is available on a cost-sharing basis for emergency work to the state of Alaska, tribal and eligible local governments, and certain private nonprofit organizations.

The announcement comes just a few days after Biden released the major disaster declaration approval for the August Kwigillingok flooding.

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