Free Trial

Vanguard Group Inc. Has $4.20 Billion Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Electronic Arts logo with Consumer Discretionary background

Key Points

Error: Response status code does not indicate success: 503 (Service Unavailable).

Vanguard Group Inc. raised its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,052,085 shares of the game software company's stock after buying an additional 150,438 shares during the period. Vanguard Group Inc. owned about 11.15% of Electronic Arts worth $4,198,607,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after acquiring an additional 1,254,194 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Electronic Arts by 160.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 599 shares of the game software company's stock valued at $87,000 after acquiring an additional 369 shares during the last quarter. Costello Asset Management INC bought a new position in Electronic Arts in the first quarter valued at approximately $40,000. Thoroughbred Financial Services LLC boosted its stake in Electronic Arts by 6.7% in the first quarter. Thoroughbred Financial Services LLC now owns 6,347 shares of the game software company's stock valued at $917,000 after acquiring an additional 400 shares during the last quarter. Finally, ING Groep NV boosted its stake in Electronic Arts by 3,477.8% in the first quarter. ING Groep NV now owns 1,163,747 shares of the game software company's stock valued at $168,185,000 after acquiring an additional 1,131,220 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Price Performance

EA stock traded up $4.89 during trading on Friday, reaching $167.64. 4,590,507 shares of the company were exchanged, compared to its average volume of 2,910,201. The company has a 50-day moving average of $153.17 and a two-hundred day moving average of $143.97. The company has a market capitalization of $41.95 billion, a price-to-earnings ratio of 42.02, a P/E/G ratio of 2.16 and a beta of 0.72. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.95.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, August 27th. Electronic Arts's dividend payout ratio is currently 19.05%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total value of $159,530.00. Following the completion of the transaction, the insider directly owned 37,131 shares in the company, valued at approximately $5,923,508.43. This represents a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $149.64, for a total transaction of $224,460.00. Following the completion of the transaction, the executive vice president owned 17,533 shares of the company's stock, valued at approximately $2,623,638.12. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,729 shares of company stock valued at $4,677,124 in the last quarter. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Electronic Arts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wedbush reissued an "outperform" rating and set a $210.00 price target on shares of Electronic Arts in a research report on Tuesday, July 22nd. Arete raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price target on the stock in a research report on Tuesday, August 5th. Finally, Roth Capital raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. Sixteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $166.35.

Check Out Our Latest Stock Report on Electronic Arts

Electronic Arts Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

Should You Invest $1,000 in Electronic Arts Right Now?

Before you consider Electronic Arts, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Electronic Arts wasn't on the list.

While Electronic Arts currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines