Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,793,340 shares of the game software company’s stock after selling 88,123 shares during the quarter. Wellington Management Group LLP owned 0.69% of Electronic Arts worth $262,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its position in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Electronic Arts during the 4th quarter worth approximately $32,000. Millstone Evans Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $37,000. SBI Securities Co. Ltd. acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $41,000. Finally, OFI Invest Asset Management bought a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $42,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s 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 completion of the sale, the insider now owns 29,216 shares in the company, valued at approximately $4,311,405.12. This 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, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the transaction, the executive vice president now owns 23,386 shares in the company, valued at approximately $3,354,721.70. The trade was a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,018,560 over the last three months. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EA. BMO Capital Markets lowered their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Monday, January 27th. Oppenheimer cut their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Wedbush reaffirmed an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a report on Thursday, January 23rd. Finally, Citigroup cut their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and an average price target of $155.65.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $145.67 on Wednesday. The firm has a 50-day moving average of $133.15 and a two-hundred day moving average of $144.63. The company has a market capitalization of $37.96 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 3.58 and a beta of 0.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

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.