Dimensional Fund Advisors LP Has $347.03 Million Stock Position in Electronic Arts Inc. $EA

Key Points

• Dimensional Fund Advisors LP increased its stake in Electronic Arts by 14.6% during the first quarter, now owning approximately 0.92% of the company, valued at $347 million.
• Electronic Arts has a market cap of $43.70 billion with shares experiencing a decline of 2.4% recently, and the stock has fluctuated between a 12-month low of $115.21 and a high of $180.90.
• The company announced a quarterly dividend of $0.19 per share, which will be paid on September 17th, representing a 0.4% yield.

Dimensional Fund Advisors LP lifted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 14.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,401,357 shares of the game software company's stock after buying an additional 306,020 shares during the period. Dimensional Fund Advisors LP owned approximately 0.92% of Electronic Arts worth $347,028,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EA. Vanguard Group Inc. grew its holdings in Electronic Arts by 0.5% during the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock valued at $4,198,607,000 after purchasing an additional 150,438 shares during the period. Invesco Ltd. lifted its stake in Electronic Arts by 15.6% during the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company's stock worth $539,563,000 after purchasing an additional 504,760 shares during the last quarter. Northern Trust Corp boosted 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 buying an additional 360,563 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Electronic Arts by 62.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after purchasing an additional 1,254,194 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Electronic Arts by 5.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,663,957 shares of the game software company's stock valued at $389,737,000 after buying an additional 132,703 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on EA. Arete Research set a $192.00 price objective on shares of Electronic Arts in a research note on Tuesday, August 5th. Argus set a $170.00 target price on shares of Electronic Arts in a report on Friday, May 16th. Oppenheimer lifted their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Citigroup reiterated a "neutral" rating and set a $153.00 price objective (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Finally, UBS Group set a $167.00 price target on Electronic Arts and gave the stock a "neutral" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, Electronic Arts currently has an average rating of "Moderate Buy" and a consensus target price of $167.12.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,200 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $174.65, for a total transaction of $209,580.00. Following the transaction, the executive vice president directly owned 27,248 shares of the company's stock, valued at approximately $4,758,863.20. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $155.49, for a total value of $388,725.00. Following the transaction, the insider directly owned 58,092 shares of the company's stock, valued at approximately $9,032,725.08. The trade was a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,200 shares of company stock worth $4,142,660 over the last ninety days. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Stock Down 0.6%

EA traded down $1.0850 during trading on Friday, hitting $170.4650. The company had a trading volume of 501,768 shares, compared to its average volume of 3,482,981. The company has a market cap of $42.65 billion, a PE ratio of 42.72, a P/E/G ratio of 2.21 and a beta of 0.72. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The business has a 50-day moving average of $157.95 and a 200-day moving average of $147.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio (DPR) is presently 19.05%.

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.