Wellington Management Group LLP Has $262.37 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Wellington Management Group LLP lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,793,340 shares of the game software company's stock after selling 88,123 shares during the quarter. Wellington Management Group LLP owned about 0.69% of Electronic Arts worth $262,366,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. O Shaughnessy Asset Management LLC boosted its position in Electronic Arts by 14.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,856 shares of the game software company's stock worth $2,612,000 after purchasing an additional 2,201 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Electronic Arts by 15.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,174 shares of the game software company's stock worth $313,000 after buying an additional 290 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Electronic Arts by 100.8% during the 4th quarter. Schroder Investment Management Group now owns 801,915 shares of the game software company's stock worth $117,513,000 after buying an additional 402,501 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Electronic Arts by 591.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company's stock valued at $101,951,000 after buying an additional 596,141 shares during the last quarter. Finally, Intrust Bank NA raised its holdings in Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock worth $362,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EA. StockNews.com downgraded Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. UBS Group raised their target price on Electronic Arts from $138.00 to $152.00 and gave the company a "neutral" rating in a report on Thursday. Stifel Nicolaus cut their price target on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. DA Davidson assumed coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective on the stock. Finally, Robert W. Baird cut their target price on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a research note on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $155.30.

Electronic Arts Price Performance

EA stock traded down $9.51 during trading on Friday, hitting $135.34. The company had a trading volume of 4,708,967 shares, compared to its average volume of 2,573,984. The company has a fifty day moving average price of $134.10 and a two-hundred day moving average price of $144.60. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a market cap of $35.27 billion, a P/E ratio of 34.44, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

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 net margin of 14.28% and a return on equity of 17.80%. Equities research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

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

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the transaction, the insider now directly owns 47,514 shares of the company's stock, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,000 shares of company stock worth $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.