Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,079 shares of the game software company’s stock after purchasing an additional 2,049 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Electronic Arts were worth $3,446,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Electronic Arts by 14.7% during the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after purchasing an additional 3,727,251 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Electronic Arts by 496.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after buying an additional 2,090,504 shares during the last quarter. Swedbank AB acquired a new stake in shares of Electronic Arts during the first quarter worth about $201,935,000. Jericho Capital Asset Management L.P. purchased a new position in shares of Electronic Arts during the first quarter worth about $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new position in Electronic Arts in the 2nd quarter valued at about $188,159,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on EA shares. Citigroup downgraded Electronic Arts from a “buy” rating to a “neutral” rating and lifted their target price for the company from $148.00 to $161.00 in a research note on Monday, July 15th. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price objective on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a research note on Wednesday. UBS Group raised their target price on shares of Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.94.

Electronic Arts Stock Up 0.2 %

EA opened at $140.74 on Friday. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $153.51. The company has a market cap of $37.40 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 1.97 and a beta of 0.79. The business’s fifty day moving average is $146.36 and its two-hundred day moving average is $137.68. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Analysts anticipate that Electronic Arts Inc. will post 5.89 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Insider Activity at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $146.58, for a total transaction of $219,870.00. Following the completion of the transaction, the executive vice president now owns 26,360 shares of the company’s stock, valued at $3,863,848.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $146.58, for a total transaction of $219,870.00. Following the sale, the executive vice president now owns 26,360 shares in the company, valued at $3,863,848.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the sale, the insider now directly owns 30,190 shares in the company, valued at $4,579,823. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,570 shares of company stock valued at $4,183,508. 0.22% of the stock is owned by corporate insiders.

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.