UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Electronic Arts Inc. (NASDAQ:EA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,663,957 shares of the game software company’s stock after buying an additional 132,703 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Electronic Arts were worth $389,737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Intrust Bank NA raised its position in Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after acquiring an additional 78 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after acquiring an additional 81 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after buying an additional 82 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Electronic Arts by 5.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock valued at $249,000 after buying an additional 90 shares in the last quarter. Finally, CX Institutional increased its position in shares of Electronic Arts by 3.9% in the fourth quarter. CX Institutional now owns 2,422 shares of the game software company’s stock valued at $354,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EA. Roth Capital restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, May 7th. Benchmark raised their price target on Electronic Arts from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Argus set a $170.00 price target on Electronic Arts in a research report on Friday. Citigroup dropped their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Roth Mkm dropped their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $161.29.

Electronic Arts Stock Up 1.0%

Shares of NASDAQ:EA opened at $151.92 on Wednesday. The stock’s 50-day moving average price is $145.08 and its two-hundred day moving average price is $145.02. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a market cap of $38.10 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 3.58 and a beta of 0.74.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts’s payout ratio is 17.92%.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. This trade represents a 11.73% decrease in their position. 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 firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $149.64, for a total value of $224,460.00. Following the completion of the transaction, the executive vice president now owns 17,533 shares in the company, valued at approximately $2,623,638.12. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,500 shares of company stock valued at $3,342,580. 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.