Dimensional Fund Advisors LP Lowers Position in Electronic Arts Inc. $EA

Dimensional Fund Advisors LP decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,370,027 shares of the game software company’s stock after selling 46,218 shares during the period. Dimensional Fund Advisors LP’s holdings in Electronic Arts were worth $478,042,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EA. Ameriprise Financial Inc. grew its holdings in shares of Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after purchasing an additional 1,300,336 shares in the last quarter. Acadian Asset Management LLC lifted its position in Electronic Arts by 176.6% during the second quarter. Acadian Asset Management LLC now owns 1,862,898 shares of the game software company’s stock valued at $297,465,000 after purchasing an additional 1,189,455 shares during the last quarter. State Street Corp grew its stake in Electronic Arts by 5.8% in the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock worth $2,726,552,000 after buying an additional 932,024 shares in the last quarter. Man Group plc increased its holdings in shares of Electronic Arts by 165.5% in the 2nd quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock worth $204,296,000 after buying an additional 797,461 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Electronic Arts by 50.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock valued at $377,726,000 after buying an additional 791,978 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

EA has been the subject of several research reports. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Citigroup reduced their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $188.30.

Electronic Arts Trading Up 0.3%

Shares of EA stock opened at $201.73 on Thursday. The business has a 50-day moving average of $202.63 and a 200 day moving average of $195.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. Electronic Arts Inc. has a 1-year low of $131.15 and a 1-year high of $204.88. The stock has a market capitalization of $50.48 billion, a PE ratio of 75.84, a P/E/G ratio of 2.39 and a beta of 0.75.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 28.57%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $200.63, for a total value of $240,756.00. Following the transaction, the insider owned 31,160 shares in the company, valued at approximately $6,251,630.80. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.11, for a total transaction of $510,275.00. Following the transaction, the insider directly owned 53,148 shares of the company’s stock, valued at approximately $10,848,038.28. This trade represents a 4.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,600 shares of company stock valued at $5,589,823 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.