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

Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 140.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EA. State Street Corp raised its stake in shares of Electronic Arts by 5.8% in the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock worth $2,726,552,000 after acquiring an additional 932,024 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after purchasing an additional 1,300,336 shares during the last quarter. Invesco Ltd. grew its stake in shares of Electronic Arts by 10.1% during the second quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock valued at $656,735,000 after purchasing an additional 378,824 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Electronic Arts by 26.3% in the third quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company’s stock valued at $619,127,000 after purchasing an additional 638,667 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Electronic Arts by 50.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock valued at $377,726,000 after purchasing an additional 791,978 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on EA shares. Citigroup reduced their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Zacks Research cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus price target of $188.30.

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.53, for a total transaction of $498,825.00. Following the completion of the transaction, the insider owned 48,343 shares in the company, valued at approximately $9,645,878.79. The trade was a 4.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.50, for a total transaction of $997,500.00. Following the completion of the sale, the chief executive officer directly owned 33,858 shares of the company’s stock, valued at $6,754,671. The trade was a 12.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 27,600 shares of company stock valued at $5,589,823. Insiders own 0.24% of the company’s stock.

Electronic Arts Trading Down 1.4%

NASDAQ EA opened at $198.00 on Monday. Electronic Arts Inc. has a 12 month low of $131.15 and a 12 month high of $204.88. The stock has a 50-day simple moving average of $202.42 and a 200 day simple moving average of $196.30. 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 company has a market capitalization of $49.55 billion, a PE ratio of 74.44, a P/E/G ratio of 2.36 and a beta of 0.75.

Electronic Arts Dividend Announcement

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

About Electronic Arts

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.