16,648 Shares in Electronic Arts Inc. (NASDAQ:EA) Purchased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,648 shares of the game software company’s stock, valued at approximately $2,436,000.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB increased its stake in shares of Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after buying an additional 95,190 shares during the period. Atomi Financial Group Inc. purchased a new position in Electronic Arts during the 4th quarter valued at about $217,000. Charles Schwab Investment Management Inc. increased its position in Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock valued at $213,089,000 after purchasing an additional 36,153 shares during the period. Fisher Funds Management LTD bought a new stake in shares of Electronic Arts in the 4th quarter valued at about $3,730,000. Finally, Huntington National Bank lifted its position in shares of Electronic Arts by 31.4% in the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company’s stock worth $49,577,000 after purchasing an additional 80,968 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now directly owns 23,386 shares in the company, valued at approximately $3,354,721.70. This represents a 6.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares of the company’s stock, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,000 shares of company stock valued at $3,015,990. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EA shares. Bank of America lifted their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Oppenheimer decreased their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Citigroup cut their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $155.30.

Electronic Arts Price Performance

NASDAQ:EA opened at $134.62 on Tuesday. The stock has a 50 day moving average price of $134.43 and a 200 day moving average price of $144.56. The stock has a market cap of $35.08 billion, a PE ratio of 34.25, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 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%. Equities research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.56%. 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.