Electronic Arts Inc. $EA Stock Position Decreased by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its stake by 35% in Electronic Arts in Q4, selling 123,494 shares and finishing the period with 229,034 shares worth roughly $46.8 million (about 0.09% of EA).
• CEO Andrew Wilson sold 5,000 shares on April 15 under a pre-arranged Rule 10b5-1 plan, and insiders have sold a total of 27,600 EA shares worth about $5.54 million over the past 90 days.
• Analysts hold a consensus "Hold" rating on EA with a consensus target price of $188.30, while Citigroup recently trimmed its target to $202.00.

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 35.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,034 shares of the game software company's stock after selling 123,494 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of Electronic Arts worth $46,799,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EA. Ameriflex Group Inc. boosted its stake in shares of Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company's stock worth $28,000 after acquiring an additional 69 shares in the last quarter. Oakworth Capital Inc. bought a new stake in shares of Electronic Arts during the 3rd quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Electronic Arts by 131.9% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company's stock worth $34,000 after acquiring an additional 95 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company's stock worth $46,000 after acquiring an additional 190 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in shares of Electronic Arts by 32.8% during the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company's stock worth $47,000 after acquiring an additional 57 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EA. Citigroup cut their target price on shares of Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 4th. UBS Group reaffirmed a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $188.30.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total transaction of $1,016,050.00. Following the completion of the sale, the chief executive officer owned 23,858 shares of the company's stock, valued at $4,848,184.18. This trade represents a 17.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $203.25, for a total transaction of $243,900.00. Following the sale, the insider directly owned 28,760 shares of the company's stock, valued at $5,845,470. This trade represents a 4.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 27,600 shares of company stock worth $5,544,159. Corporate insiders own 0.24% of the company's stock.

Electronic Arts Stock Performance

EA stock opened at $202.53 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $50.68 billion, a P/E ratio of 76.14, a P/E/G ratio of 2.18 and a beta of 0.73. The firm has a 50 day simple moving average of $201.74 and a 200 day simple moving average of $202.17. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts's dividend payout ratio (DPR) is currently 28.57%.

Electronic Arts Company Profile

Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA's product lineup spans several well-known franchises and genres.

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