UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 155,402 Shares of Electronic Arts Inc. $EA

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,819,359 shares of the game software company’s stock after buying an additional 155,402 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.12% of Electronic Arts worth $407,454,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nomura Holdings Inc. lifted its stake in Electronic Arts by 11.7% in the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company’s stock valued at $4,566,000 after buying an additional 3,259 shares in the last quarter. CCM Investment Group LLC bought a new position in Electronic Arts in the first quarter valued at approximately $1,625,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in Electronic Arts by 2.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock valued at $94,456,000 after buying an additional 13,461 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Electronic Arts by 5.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company’s stock valued at $15,300,000 after buying an additional 5,275 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Electronic Arts by 4.4% in the first quarter. The Manufacturers Life Insurance Company now owns 162,571 shares of the game software company’s stock valued at $23,495,000 after buying an additional 6,835 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total transaction of $855,250.00. Following the transaction, the chief executive officer directly owned 52,393 shares in the company, valued at approximately $8,961,822.65. The trade was a 8.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $148.69, for a total transaction of $223,035.00. Following the transaction, the executive vice president owned 29,948 shares in the company, valued at approximately $4,452,968.12. The trade was a 4.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,900 shares of company stock valued at $4,778,597 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EA shares. UBS Group set a $167.00 price objective on shares of Electronic Arts and gave the stock a “neutral” rating in a research report on Friday, August 1st. Arete Research set a $192.00 price objective on shares of Electronic Arts in a research report on Tuesday, August 5th. Arete raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective on the stock in a research report on Tuesday, August 5th. Argus set a $170.00 price objective on shares of Electronic Arts in a research report on Friday, May 16th. Finally, Robert W. Baird boosted their price objective on shares of Electronic Arts from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.12.

Electronic Arts Price Performance

Shares of EA opened at $166.04 on Wednesday. The company has a market cap of $41.54 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 2.17 and a beta of 0.75. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The company’s fifty day simple moving average is $162.09 and its 200 day simple moving average is $151.02. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be issued 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 payout ratio is presently 19.05%.

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.