Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Marshall Wace LLP

Marshall Wace LLP raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6,145.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,900 shares of the game software company's stock after purchasing an additional 147,500 shares during the period. Marshall Wace LLP owned 0.06% of Electronic Arts worth $21,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC boosted its holdings in Electronic Arts by 353.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock valued at $185,692,000 after acquiring an additional 989,319 shares during the period. FMR LLC boosted its stake in shares of Electronic Arts by 224.8% during the fourth quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock valued at $176,709,000 after purchasing an additional 835,985 shares during the period. Norges Bank purchased a new stake in shares of Electronic Arts during the fourth quarter valued at $96,698,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Electronic Arts by 591.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company's stock worth $101,951,000 after purchasing an additional 596,141 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in Electronic Arts by 100.8% in 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. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares of the company's stock, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the transaction, the chief executive officer now directly owns 37,615 shares in the company, valued at approximately $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,000 shares of company stock worth $3,032,740. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EA has been the topic of a number of research analyst reports. Wedbush restated an "outperform" rating and issued a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Benchmark raised their price objective on Electronic Arts from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Oppenheimer dropped their price target on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on Electronic Arts from $125.00 to $135.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Bank of America increased their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Thirteen investment 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 a consensus rating of "Hold" and an average price target of $154.00.

Electronic Arts Stock Performance

Shares of NASDAQ EA traded down $2.05 during mid-day trading on Wednesday, hitting $143.82. The stock had a trading volume of 2,410,922 shares, compared to its average volume of 2,634,191. The company has a 50 day moving average of $138.37 and a two-hundred day moving average of $144.42. 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 firm has a market cap of $37.48 billion, a PE ratio of 36.60, a PEG ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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%. Research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts's payout ratio is 19.34%.

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.