Dimensional Fund Advisors LP Cuts Holdings in Electronic Arts Inc. $EA

Dimensional Fund Advisors LP decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,370,027 shares of the game software company’s stock after selling 46,218 shares during the period. Dimensional Fund Advisors LP owned 0.95% of Electronic Arts worth $478,042,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oakworth Capital Inc. purchased a new stake in shares of Electronic Arts during the third quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Electronic Arts by 131.9% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after purchasing an additional 95 shares during the period. MTM Investment Management LLC purchased a new stake in shares of Electronic Arts during the 2nd quarter valued at $30,000. NewSquare Capital LLC raised its stake in shares of Electronic Arts by 67.5% during the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after purchasing an additional 79 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $201.73 on Thursday. The firm has a market cap of $50.48 billion, a P/E ratio of 75.84, a price-to-earnings-growth ratio of 2.39 and a beta of 0.75. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $202.63 and its 200-day moving average is $195.71. Electronic Arts Inc. has a 12-month low of $131.15 and a 12-month high of $204.88.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be given 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 payout ratio is 28.57%.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.50, for a total value of $997,500.00. Following the completion of the transaction, the chief executive officer owned 33,858 shares in the company, valued at $6,754,671. This trade represents a 12.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.53, for a total value of $498,825.00. Following the sale, the insider owned 48,343 shares in the company, valued at approximately $9,645,878.79. This represents a 4.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 27,600 shares of company stock valued at $5,589,823. 0.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EA. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Citigroup decreased their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Finally, UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $188.30.

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.