Dimensional Fund Advisors LP Purchases 107,815 Shares of Electronic Arts Inc. (NASDAQ:EA)

Dimensional Fund Advisors LP increased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,095,337 shares of the game software company's stock after purchasing an additional 107,815 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.80% of Electronic Arts worth $306,556,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Claro Advisors LLC raised its holdings in shares of Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock valued at $334,000 after buying an additional 75 shares during the last quarter. Intrust Bank NA increased its position 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 valued at $362,000 after acquiring an additional 78 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after acquiring an additional 81 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $550,000 after purchasing an additional 82 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Electronic Arts by 1.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock worth $708,000 after purchasing an additional 83 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EA has been the subject of several research analyst reports. BMO Capital Markets dropped their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Bank of America boosted their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. raised their price target on Electronic Arts from $125.00 to $135.00 and gave the company a "neutral" rating in a report on Tuesday. StockNews.com lowered Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Finally, Roth Mkm cut their target price 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. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $154.22.

Electronic Arts Stock Performance

NASDAQ:EA traded up $0.41 during mid-day trading on Friday, hitting $146.60. The stock had a trading volume of 1,836,648 shares, compared to its average volume of 2,644,747. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $38.21 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 3.58 and a beta of 0.79. The company's 50 day simple moving average is $139.36 and its 200 day simple moving average is $144.46.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts's dividend payout ratio is currently 19.34%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the sale, the insider now owns 28,216 shares of the company's stock, valued at $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction 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 owns 37,615 shares in the company, valued at approximately $4,895,216.10. This trade represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,000 shares of company stock valued at $3,032,740. 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.