Mitsubishi UFJ Trust & Banking Corp Boosts Stake in Electronic Arts Inc. (NASDAQ:EA)

Mitsubishi UFJ Trust & Banking Corp grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 279,637 shares of the game software company’s stock after acquiring an additional 22,047 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.11% of Electronic Arts worth $40,911,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. grew its holdings in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts during the 4th quarter valued at $32,000. Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts in the 4th quarter worth $37,000. SBI Securities Co. Ltd. purchased a new position in Electronic Arts during the 4th quarter worth $41,000. Finally, Larson Financial Group LLC increased its position in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EA shares. Bank of America boosted their price target on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Oppenheimer cut their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. DA Davidson began coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Electronic Arts has an average rating of “Hold” and a consensus target price of $155.65.

Electronic Arts Price Performance

NASDAQ:EA opened at $145.19 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The stock’s 50-day moving average price is $132.92 and its 200-day moving average price is $144.62. The stock has a market capitalization of $37.84 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 19.34%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the sale, the insider now directly owns 29,216 shares in the company, valued at approximately $4,311,405.12. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the transaction, the insider now owns 47,514 shares in the company, valued at approximately $6,216,256.62. This trade represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,000 shares of company stock worth $3,018,560. Company insiders own 0.22% of the company’s stock.

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.