Grantham Mayo Van Otterloo & Co. LLC Has $20.25 Million Holdings in Electronic Arts Inc. $EA

Key Points

• Grantham Mayo Van Otterloo & Co. LLC increased its stake in Electronic Arts (EA) by 140.1% in Q3 to 100,399 shares, now valued at about $20.25 million.
• EA announced a quarterly dividend of $0.19 (annualized $0.76) with an ex‑dividend/record date of Feb 25 and a payment date of March 18, implying a ~0.4% yield.
• Institutional investors own 90.23% of EA; the stock trades near $198 with a market cap of $49.55B and a P/E of 74.44, and analysts have a consensus rating of Hold with a $188.30 target.

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 140.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,399 shares of the game software company's stock after acquiring an additional 58,582 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Electronic Arts were worth $20,250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in Electronic Arts by 2.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company's stock valued at $425,000 after purchasing an additional 50 shares during the last quarter. Ballentine Partners LLC grew its position in Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company's stock worth $965,000 after purchasing an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in Electronic Arts by 5.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company's stock worth $212,000 after purchasing an additional 59 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Electronic Arts by 3.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company's stock worth $392,000 after purchasing an additional 67 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in shares of Electronic Arts by 20.5% during the third quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company's stock valued at $80,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $198.00 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $49.55 billion, a price-to-earnings ratio of 74.44, a P/E/G ratio of 2.36 and a beta of 0.75. Electronic Arts Inc. has a 1-year low of $131.15 and a 1-year high of $204.88. The firm's 50-day moving average price is $202.42 and its two-hundred day moving average price is $196.30.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts's payout ratio is presently 28.57%.

Insiders Place Their Bets

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total transaction of $498,825.00. Following the sale, the insider directly owned 48,343 shares in the company, valued at $9,645,878.79. This represents a 4.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $200.63, for a total value of $240,756.00. Following the sale, the insider directly owned 31,160 shares of the company's stock, valued at $6,251,630.80. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,600 shares of company stock valued at $5,589,823 in the last 90 days. Insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EA. UBS Group reiterated a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Zacks Research lowered Electronic Arts from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 19th. Finally, Citigroup cut their price target on Electronic Arts from $207.00 to $202.00 and set a "neutral" rating for the company in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently 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.

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