Wellington Management Group LLP Sells 295,346 Shares of Electronic Arts Inc. (NASDAQ:EA)

Wellington Management Group LLP reduced its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 13.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,881,463 shares of the game software company's stock after selling 295,346 shares during the period. Wellington Management Group LLP owned about 0.72% of Electronic Arts worth $269,877,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wahed Invest LLC boosted its position in Electronic Arts by 10.1% during the third quarter. Wahed Invest LLC now owns 6,492 shares of the game software company's stock worth $931,000 after purchasing an additional 593 shares during the period. Stevens Capital Management LP bought a new stake in shares of Electronic Arts during the 3rd quarter worth about $655,000. Stifel Financial Corp boosted its holdings in shares of Electronic Arts by 11.5% during the 3rd quarter. Stifel Financial Corp now owns 168,513 shares of the game software company's stock worth $24,180,000 after buying an additional 17,375 shares during the period. Quadrature Capital Ltd acquired a new position in Electronic Arts in the 3rd quarter valued at about $791,000. Finally, Quantinno Capital Management LP raised its holdings in Electronic Arts by 6.7% in the 3rd quarter. Quantinno Capital Management LP now owns 25,765 shares of the game software company's stock valued at $3,696,000 after acquiring an additional 1,619 shares during the period. Institutional investors own 90.23% of the company's stock.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now owns 29,190 shares of the company's stock, valued at approximately $4,181,175.60. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the sale, the chief executive officer now directly owns 54,247 shares of the company's stock, valued at approximately $7,675,950.50. This trade represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,000 shares of company stock valued at $3,086,270. Corporate insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

EA has been the topic of a number of research reports. Robert W. Baird upped their price objective on Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. DZ Bank upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and upped their price target for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Benchmark reiterated a "buy" rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. Roth Mkm increased their target price on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, UBS Group lifted their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Electronic Arts currently has an average rating of "Moderate Buy" and an average target price of $165.37.

Electronic Arts Trading Up 0.8 %

EA traded up $1.39 during trading on Friday, reaching $167.01. 1,651,787 shares of the stock traded hands, compared to its average volume of 1,744,879. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock's 50-day moving average is $153.97 and its 200 day moving average is $146.48. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The stock has a market capitalization of $43.80 billion, a PE ratio of 42.93, a P/E/G ratio of 2.19 and a beta of 0.79.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts's dividend payout ratio is presently 19.54%.

About Electronic Arts

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.