Vanguard Trims EA Stake to 10.4% as of Dec 29, 2023

TL;DR

**Vanguard just cut its EA stake to 10.4%, watch for institutional sentiment shifts.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended Schedule 13G/A on February 13, 2024, disclosing its ownership in Electronic Arts Inc. (EA) Common Stock. As of December 29, 2023, Vanguard reported beneficial ownership of 28,551,210 shares, representing 10.4% of EA's outstanding stock. This filing indicates a slight decrease in Vanguard's stake from its previous disclosure, which matters to investors as large institutional holdings can influence stock stability and investor confidence.

Why It Matters

This filing shows a slight reduction in Vanguard's significant ownership of Electronic Arts, which could signal a shift in their investment strategy or outlook on the company's future performance.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard is generally not a high-risk event for a company like Electronic Arts.

Analyst Insight

Investors should note that while Vanguard remains a major shareholder, this slight reduction in their stake might warrant a closer look at Electronic Arts' recent performance and upcoming catalysts to understand if there's a fundamental reason for the adjustment.

Key Numbers

• 28,551,210 — Shares Beneficially Owned (The total number of Electronic Arts shares Vanguard holds, indicating their significant investment.)
• 10.4% — Percentage of Class (The proportion of Electronic Arts' common stock owned by Vanguard, showing their substantial influence.)
• December 29, 2023 — Event Date (The specific date on which Vanguard's ownership percentage was calculated for this filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Electronic Arts Inc. (company) — issuer of the securities
• 28,551,210 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 10.4% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will continue to be a significant long-term holder of Electronic Arts stock. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv0823-electronicartsinc.htm (SC 13G/A) — 11KB
• 0001104659-24-020823.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Electronic Arts Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 209 Redwood Shores Parkway Redwood City, CA 94065-1175

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 285512109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR