Arrowstreet Capital Limited Partnership Has $101.95 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Arrowstreet Capital Limited Partnership raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 591.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 696,861 shares of the game software company's stock after acquiring an additional 596,141 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.27% of Electronic Arts worth $101,951,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. raised its holdings in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at $32,000. Millstone Evans Group LLC acquired a new stake in Electronic Arts during the 4th quarter worth $37,000. SBI Securities Co. Ltd. bought a new position in Electronic Arts during the fourth quarter worth about $41,000. Finally, OFI Invest Asset Management acquired a new position in Electronic Arts in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EA shares. Citigroup cut their price objective on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Ascendiant Capital Markets lifted their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Bank of America increased their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Roth Mkm cut their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. Finally, Oppenheimer lowered their target price on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $155.30.

Electronic Arts Stock Performance

NASDAQ:EA traded down $9.51 during mid-day trading on Friday, hitting $135.34. The stock had a trading volume of 4,708,967 shares, compared to its average volume of 2,573,984. The company's 50 day simple moving average is $134.10 and its 200 day simple moving average is $144.57. The stock has a market cap of $35.27 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, equities research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.56%. Electronic Arts's dividend payout ratio (DPR) is currently 19.34%.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the transaction, the chief executive officer now directly owns 42,615 shares of the company's stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the sale, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,000 shares of company stock valued at $3,015,990. Insiders own 0.22% of the company's stock.

Electronic Arts 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.