Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. grew its position in Electronic Arts Inc. (NASDAQ:EA) by 109.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,351 shares of the game software company’s stock after acquiring an additional 1,749 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Electronic Arts were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EA. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the second quarter worth about $28,000. Family Firm Inc. purchased a new stake in shares of Electronic Arts during the second quarter worth about $33,000. New Covenant Trust Company N.A. purchased a new stake in shares of Electronic Arts during the first quarter worth about $35,000. Gradient Investments LLC increased its stake in shares of Electronic Arts by 592.1% during the second quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after purchasing an additional 225 shares in the last quarter. Finally, Bruce G. Allen Investments LLC increased its stake in shares of Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 2.4 %

Shares of NASDAQ EA opened at $149.14 on Thursday. The company has a 50 day simple moving average of $144.81 and a 200-day simple moving average of $139.95. The company has a market capitalization of $39.63 billion, a P/E ratio of 31.87, a P/E/G ratio of 1.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. Electronic Arts Inc. has a 1 year low of $121.63 and a 1 year high of $153.51.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. On average, equities research analysts predict that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total value of $372,200.00. Following the completion of the transaction, the chief executive officer now owns 56,747 shares of the company’s stock, valued at $8,448,493.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares of the company’s stock, valued at $4,675,692.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,770 shares of company stock valued at $3,652,410. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EA. Benchmark reissued a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research note on Wednesday. Oppenheimer increased their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Bank of America increased their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird increased their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.65.

About Electronic Arts

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.