Universal Beteiligungs und Servicegesellschaft mbH Decreases Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 487,858 shares of the game software company's stock after selling 3,405 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.19% of Electronic Arts worth $70,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EA. Putney Financial Group LLC acquired a new position in Electronic Arts in the 4th quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts in the 1st quarter valued at $28,000. LGT Financial Advisors LLC acquired a new position in Electronic Arts in the 4th quarter valued at $33,000. Millstone Evans Group LLC acquired a new position in Electronic Arts in the 4th quarter valued at $37,000. Finally, Wayfinding Financial LLC acquired a new position in Electronic Arts in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Trading Up 2.9%

NASDAQ EA traded up $4.49 during trading hours on Tuesday, hitting $157.88. 976,806 shares of the company's stock were exchanged, compared to its average volume of 2,803,888. The business's 50 day moving average is $150.60 and its 200-day moving average is $142.55. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a market capitalization of $39.67 billion, a P/E ratio of 37.13, a price-to-earnings-growth ratio of 2.04 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.48%. Electronic Arts's dividend payout ratio is presently 17.92%.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $159.50, for a total value of $398,750.00. Following the completion of the sale, the insider owned 60,592 shares in the company, valued at approximately $9,664,424. This trade represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $148.32, for a total value of $222,480.00. Following the completion of the sale, the executive vice president owned 28,448 shares of the company's stock, valued at approximately $4,219,407.36. This trade represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,729 shares of company stock valued at $4,822,884 over the last three months. Insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EA shares. The Goldman Sachs Group raised their price objective on Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. HSBC upgraded Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a report on Wednesday, May 7th. Robert W. Baird set a $168.00 target price on Electronic Arts in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their target price on Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Fourteen equities research 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 company presently has an average rating of "Moderate Buy" and an average price target of $162.71.

About Electronic Arts

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.

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