Universal Beteiligungs und Servicegesellschaft mbH Makes New $71.87 Million Investment in Electronic Arts Inc. (NASDAQ:EA)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 491,263 shares of the game software company's stock, valued at approximately $71,872,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.19% of Electronic Arts as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Putney Financial Group LLC purchased a new position in Electronic Arts in the fourth quarter valued at about $26,000. Whipplewood Advisors LLC purchased a new position in Electronic Arts in the fourth quarter valued at about $32,000. LGT Financial Advisors LLC purchased a new position in Electronic Arts in the fourth quarter valued at about $33,000. Millstone Evans Group LLC purchased a new position in Electronic Arts in the fourth quarter valued at about $37,000. Finally, SBI Securities Co. Ltd. purchased a new position in Electronic Arts in the fourth quarter valued at about $41,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

EA traded down $4.04 during midday trading on Thursday, reaching $142.84. The company had a trading volume of 3,517,077 shares, compared to its average volume of 2,733,986. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average of $145.71 and a two-hundred day moving average of $144.71. The company has a market cap of $35.82 billion, a P/E ratio of 36.35, a P/E/G ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's payout ratio is presently 17.92%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now owns 40,189 shares of the company's stock, valued at approximately $6,252,202.73. The trade was a 5.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. This represents a 13.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,729 shares of company stock valued at $4,107,664. Insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EA shares. Oppenheimer boosted their price target on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Wednesday, May 7th. Wedbush boosted their price target on Electronic Arts from $179.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Roth Capital reissued a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, May 7th. Finally, TD Cowen boosted their price objective on Electronic Arts from $160.00 to $172.00 and gave the stock 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $161.88.

Electronic Arts Company 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.