China Universal Asset Management Co. Ltd. Has $930,000 Stock Position in Electronic Arts Inc. (NASDAQ:EA)

China Universal Asset Management Co. Ltd. lifted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 50.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,437 shares of the game software company's stock after purchasing an additional 2,169 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Electronic Arts were worth $930,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its stake in Electronic Arts by 15.0% in the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock valued at $81,000 after purchasing an additional 73 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in Electronic Arts by 34.2% in the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock valued at $43,000 after buying an additional 76 shares during the period. Clarius Group LLC raised its holdings in shares of Electronic Arts by 3.6% during the first quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock valued at $319,000 after purchasing an additional 77 shares during the period. Intrust Bank NA increased its position in shares of Electronic Arts by 3.3% during 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. Finally, Conning Inc. grew its position in Electronic Arts by 4.7% in the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company's stock worth $253,000 after purchasing an additional 78 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Activity

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $148.69, for a total value of $223,035.00. Following the transaction, the executive vice president owned 29,948 shares of the company's stock, valued at approximately $4,452,968.12. This represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $150.64, for a total transaction of $753,200.00. Following the completion of the transaction, the chief executive officer directly owned 62,393 shares in the company, valued at $9,398,881.52. This trade represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,729 shares of company stock worth $4,784,679 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Trading Down 0.6%

EA opened at $152.64 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95. The company's 50 day simple moving average is $150.91 and its two-hundred day simple moving average is $142.45. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm has a market capitalization of $38.35 billion, a price-to-earnings ratio of 36.00, a price-to-earnings-growth ratio of 2.08 and a beta of 0.73.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is presently 17.92%.

Wall Street Analyst Weigh In

EA has been the topic of a number of research reports. Roth Capital raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and lifted their target price for the company from $175.00 to $185.00 in a research note on Tuesday, June 24th. Morgan Stanley boosted their target price on shares of Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. UBS Group boosted their target price on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Moffett Nathanson reissued a "neutral" rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, May 7th. Finally, HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a report on Wednesday, May 7th. Fourteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Electronic Arts currently has an average rating of "Moderate Buy" and a consensus price target of $162.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.