Vanguard Group Inc. Sells 53,768 Shares of Electronic Arts Inc. (NASDAQ:EA)

Vanguard Group Inc. decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,901,647 shares of the game software company's stock after selling 53,768 shares during the period. Vanguard Group Inc. owned about 11.09% of Electronic Arts worth $4,228,311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EA. Los Angeles Capital Management LLC grew its stake 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 worth $185,692,000 after buying an additional 989,319 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Electronic Arts by 51.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company's stock worth $160,893,000 after acquiring an additional 373,730 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Electronic Arts by 8,503.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock worth $45,626,000 after acquiring an additional 314,388 shares during the period. Teacher Retirement System of Texas lifted its position in Electronic Arts by 165.7% in the 4th quarter. Teacher Retirement System of Texas now owns 417,817 shares of the game software company's stock valued at $61,127,000 after purchasing an additional 260,567 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Electronic Arts during the 4th quarter valued at about $34,334,000. 90.23% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares of the company's stock, valued at approximately $6,080,308.20. This trade represents a 10.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the sale, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,000 shares of company stock worth $3,018,560. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Benchmark raised their price target on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Monday. Citigroup lowered their target price on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Wedbush reiterated an "outperform" rating and set a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Robert W. Baird decreased their price target on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a research note on Thursday, January 23rd. Finally, BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective on the stock. in a research note on Monday, January 27th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $155.65.

Electronic Arts Stock Up 0.1 %

Shares of Electronic Arts stock traded up $0.09 on Friday, hitting $145.39. 300,476 shares of the company traded hands, compared to its average volume of 2,402,627. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a 50-day moving average price of $133.00 and a 200 day moving average price of $144.62. The company has a market cap of $37.89 billion, a PE ratio of 36.99, a PEG ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings data 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 net margin of 14.28% and a return on equity of 17.80%. Sell-side analysts predict 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 given 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 0.52%. Electronic Arts's dividend payout ratio is currently 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.