China Universal Asset Management Co. Ltd. Increases Stake in Electronic Arts Inc. (NASDAQ:EA)

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

Other large investors also recently added to or reduced their stakes in the company. Capital International Investors increased its position in shares of Electronic Arts by 5.2% in the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock valued at $1,778,553,000 after acquiring an additional 605,796 shares during the period. Geode Capital Management LLC increased its position in shares of Electronic Arts by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock valued at $978,650,000 after acquiring an additional 30,929 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Electronic Arts by 6.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock valued at $648,169,000 after acquiring an additional 270,991 shares during the period. Northern Trust Corp increased its position in shares of Electronic Arts by 12.4% in the fourth quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock valued at $476,540,000 after acquiring an additional 360,563 shares during the period. Finally, Invesco Ltd. increased its position in shares of Electronic Arts by 3.9% in the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock valued at $472,362,000 after acquiring an additional 120,632 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Buying and Selling at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total transaction of $398,750.00. Following the completion of the transaction, the insider owned 60,592 shares in the company, valued at approximately $9,664,424. This represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Monday, June 16th. The shares were 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 of the company's stock, valued at $4,452,968.12. This trade represents a 4.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,729 shares of company stock valued at $4,784,679 in the last quarter. Insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EA shares. Citigroup reaffirmed a "neutral" rating and set a $153.00 target price (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research note on Wednesday, May 7th. The Goldman Sachs Group lifted their target price on shares of Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Argus set a $170.00 target price on shares of Electronic Arts in a research note on Friday, May 16th. Fourteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $162.71.

Electronic Arts Stock Performance

Shares of EA traded down $2.61 during mid-day trading on Friday, hitting $148.69. 1,840,332 shares of the company traded hands, compared to its average volume of 2,816,306. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50-day moving average price of $151.14 and a two-hundred day moving average price of $142.50. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The stock has a market cap of $37.36 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 2.02 and a beta of 0.73.

Electronic Arts Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. Electronic Arts's dividend payout ratio is currently 17.92%.

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.