Vanguard Group Inc. Has $5.71 Billion Stake in Electronic Arts Inc. $EA

Vanguard Group Inc. reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,288,056 shares of the game software company’s stock after selling 158,489 shares during the period. Vanguard Group Inc. owned 0.11% of Electronic Arts worth $5,705,701,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Oakworth Capital Inc. bought a new position in shares of Electronic Arts in the 3rd quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after purchasing an additional 95 shares during the period. MTM Investment Management LLC acquired a new position in Electronic Arts during the second quarter valued at approximately $30,000. NewSquare Capital LLC raised its position in shares of Electronic Arts by 67.5% in the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after purchasing an additional 79 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the second quarter worth $37,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling

In other Electronic Arts news, Director Jeff Huber sold 79,381 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $201.17, for a total transaction of $15,969,075.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $201.65, for a total value of $302,475.00. Following the sale, the chief financial officer directly owned 5,595 shares in the company, valued at $1,128,231.75. The trade was a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 115,069 shares of company stock worth $23,194,130. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on EA shares. Citigroup lowered their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Argus set a $210.00 price target on shares of Electronic Arts in a report on Thursday, October 30th. Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Benchmark reissued a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $186.95.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $199.53 on Wednesday. The firm has a market capitalization of $49.93 billion, a PE ratio of 75.01, a PEG ratio of 2.42 and a beta of 0.74. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 1-year low of $128.02 and a 1-year high of $204.88. The business’s 50 day moving average is $203.32 and its 200-day moving average is $193.50.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts’s payout ratio is 28.57%.

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.