ProShare Advisors LLC Grows Holdings in Electronic Arts Inc. (NASDAQ:EA)

ProShare Advisors LLC raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 335,092 shares of the game software company's stock after acquiring an additional 50,538 shares during the period. ProShare Advisors LLC owned approximately 0.13% of Electronic Arts worth $49,024,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EA. Capital International Investors boosted its stake in shares of Electronic Arts by 5.2% in the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock valued at $1,778,553,000 after purchasing an additional 605,796 shares during the period. Geode Capital Management LLC lifted its stake in Electronic Arts by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock worth $978,650,000 after acquiring an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Electronic Arts by 6.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock worth $648,169,000 after acquiring an additional 270,991 shares during the last quarter. Northern Trust Corp lifted its stake in Electronic Arts by 12.4% in the fourth quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock worth $476,540,000 after acquiring an additional 360,563 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Electronic Arts by 3.9% in the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock worth $472,362,000 after acquiring an additional 120,632 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EA shares. UBS Group lifted their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Citigroup decreased their price target on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Roth Mkm decreased their price target on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a research note on Wednesday, May 7th. Finally, StockNews.com cut shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and a consensus price target of $161.29.

Electronic Arts Stock Performance

EA traded down $1.06 during trading on Monday, hitting $150.48. The stock had a trading volume of 3,990,533 shares, compared to its average volume of 2,730,874. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $37.74 billion, a P/E ratio of 38.29, a PEG ratio of 3.58 and a beta of 0.74. The company's 50-day moving average price is $144.51 and its 200 day moving average price is $144.98. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts's dividend payout ratio is currently 17.92%.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now directly owns 37,615 shares in the company, valued at $4,895,216.10. The trade was a 11.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the sale, the chief financial officer now owns 9,516 shares in the company, valued at $1,238,126.76. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,500 shares of company stock valued at $3,342,580. 0.22% of the stock is owned by company insiders.

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.