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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,663,957 shares of the game software company's stock after purchasing an additional 132,703 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.02% of Electronic Arts worth $389,737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Intrust Bank NA increased its position in shares of Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after purchasing an additional 78 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Electronic Arts by 11.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock valued at $119,000 after purchasing an additional 81 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock valued at $550,000 after purchasing an additional 82 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Electronic Arts by 5.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company's stock valued at $249,000 after purchasing an additional 90 shares during the last quarter. Finally, CX Institutional increased its position in shares of Electronic Arts by 3.9% in the 4th quarter. CX Institutional now owns 2,422 shares of the game software company's stock valued at $354,000 after purchasing an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of recent analyst reports. Roth Capital reaffirmed a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, May 7th. Morgan Stanley increased 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. The Goldman Sachs Group increased their target price on shares of Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Moffett Nathanson reaffirmed a "neutral" rating and issued a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, May 7th. Finally, TD Cowen increased their target price on shares of Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of "Hold" and a consensus price target of $161.29.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the transaction, the chief executive officer now owns 32,615 shares in the company, valued at approximately $4,647,637.50. The trade was a 13.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now owns 26,216 shares of the company's stock, valued at approximately $3,801,320. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,729 shares of company stock worth $4,107,664 over the last 90 days. Company insiders own 0.22% of the company's stock.

Electronic Arts Price Performance

Shares of NASDAQ EA traded up $0.26 during midday trading on Friday, hitting $146.89. The company had a trading volume of 2,108,703 shares, compared to its average volume of 2,727,039. 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 twelve month low of $115.21 and a twelve month high of $168.50. The business has a 50-day simple moving average of $145.49 and a two-hundred day simple moving average of $144.96. The firm has a market capitalization of $36.84 billion, a price-to-earnings ratio of 37.38, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is 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.