Electronic Arts Inc. (NASDAQ:EA) Holdings Cut by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,793,340 shares of the game software company’s stock after selling 88,123 shares during the period. Wellington Management Group LLP’s holdings in Electronic Arts were worth $262,366,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on EA. StockNews.com downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Benchmark increased their price objective on Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 24th. Ascendiant Capital Markets boosted their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Friday, January 31st. Finally, BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, January 27th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $155.65.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the sale, the insider now owns 29,216 shares of the company’s stock, valued at $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 this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the transaction, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at approximately $3,354,721.70. This represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,018,560 in the last three months. Insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $145.67 on Wednesday. The firm has a market capitalization of $37.96 billion, a P/E ratio of 37.07, a P/E/G ratio of 3.58 and a beta of 0.78. The stock has a fifty day moving average price of $133.15 and a two-hundred day moving average price of $144.63. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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 anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s payout ratio is currently 19.34%.

Electronic Arts 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.