Dimensional Fund Advisors LP Has $425.98 Million Holdings in Electronic Arts Inc. $EA

Dimensional Fund Advisors LP trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 10.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,089,584 shares of the game software company’s stock after selling 251,138 shares during the period. Dimensional Fund Advisors LP’s holdings in Electronic Arts were worth $425,984,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of EA. Pentwater Capital Management LP increased its stake in shares of Electronic Arts by 128.1% in the 4th quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after acquiring an additional 6,150,000 shares in the last quarter. Norges Bank bought a new position in Electronic Arts during the fourth quarter worth $643,674,000. HBK Investments L P bought a new position in Electronic Arts during the fourth quarter worth $390,267,000. Ameriprise Financial Inc. grew its holdings in Electronic Arts by 44.6% in the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after purchasing an additional 1,300,336 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in Electronic Arts in the fourth quarter worth $165,153,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the transaction, the insider directly owned 73,513 shares of the company’s stock, valued at $14,930,490.30. The trade was a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jacob J. Schatz sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the completion of the sale, the executive vice president owned 42,287 shares of the company’s stock, valued at approximately $8,507,721.53. The trade was a 10.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 31,206 shares of company stock worth $6,292,058 in the last three months. 0.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EA has been the topic of several research reports. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research downgraded Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Citigroup increased their price target on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $209.29 on Tuesday. Electronic Arts Inc. has a 52 week low of $146.97 and a 52 week high of $209.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $203.56 and a 200-day moving average price of $202.66. The company has a market cap of $52.48 billion, a PE ratio of 59.97, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Electronic Arts’s dividend payout ratio is presently 21.78%.

Electronic Arts Company 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.