Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,095,337 shares of the game software company's stock after buying an additional 107,815 shares during the quarter. Dimensional Fund Advisors LP owned about 0.80% of Electronic Arts worth $306,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its holdings in shares of Electronic Arts by 141.0% in the 4th 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 last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $32,000. Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts during the 4th quarter valued at $37,000. SBI Securities Co. Ltd. acquired a new stake in Electronic Arts during the 4th quarter worth about $41,000. Finally, OFI Invest Asset Management acquired a new stake in Electronic Arts during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the transaction, the executive vice president now directly owns 19,033 shares of the company's stock, valued at $2,772,156.45. This trade represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the transaction, the chief executive officer now directly owns 37,615 shares in the company, valued at $4,895,216.10. This trade represents a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,032,740 in the last ninety days. Insiders own 0.22% of the company's stock.

Electronic Arts Stock Performance

EA traded up $0.41 during midday trading on Friday, hitting $146.60. 1,835,437 shares of the company were exchanged, compared to its average volume of 3,920,178. The company's 50 day simple moving average is $138.99 and its 200 day simple moving average is $144.44. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm has a market capitalization of $38.21 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. 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 announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (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%. As a group, sell-side analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Analysts Set New Price Targets

EA has been the topic of a number of research reports. Oppenheimer increased their price objective on Electronic Arts from $140.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday. DA Davidson initiated coverage on Electronic Arts in a report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price target on the stock. Roth Mkm dropped their price target on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Morgan Stanley reduced their price objective on Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Citigroup lowered their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $154.22.

Electronic Arts Company 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.