Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,689 shares of the game software company's stock after buying an additional 13,501 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.10% of Electronic Arts worth $35,785,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in EA. Leith Wheeler Investment Counsel Ltd. grew its position in Electronic Arts by 269.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company's stock worth $29,000 after purchasing an additional 154,989 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Electronic Arts during the fourth quarter valued at $30,000. Venturi Wealth Management LLC raised its position in Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company's stock valued at $31,000 after buying an additional 102 shares during the period. CVA Family Office LLC purchased a new stake in Electronic Arts in the 4th quarter worth about $38,000. Finally, MCF Advisors LLC grew its position in Electronic Arts by 36.9% during the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company's stock valued at $49,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on EA. Deutsche Bank Aktiengesellschaft dropped their price target on Electronic Arts from $153.00 to $150.00 and set a "hold" rating on the stock in a research report on Thursday, May 9th. UBS Group lowered their price objective on Electronic Arts from $146.00 to $143.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 27th. Stifel Nicolaus raised their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Wedbush reissued an "outperform" rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, May 8th. Finally, Roth Mkm reduced their price target on shares of Electronic Arts from $140.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.00.

Electronic Arts Stock Up 1.2 %

NASDAQ:EA traded up $1.54 during trading hours on Thursday, hitting $129.16. 1,780,839 shares of the company traded hands, compared to its average volume of 2,031,182. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The company has a market cap of $34.53 billion, a PE ratio of 27.27, a PEG ratio of 2.02 and a beta of 0.78. The firm's 50-day simple moving average is $130.15 and its 200-day simple moving average is $134.52.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, May 29th. Electronic Arts's dividend payout ratio is 16.24%.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the company's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the transaction, the insider now directly owns 27,883 shares in the company, valued at approximately $3,877,967.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00. Following the sale, the chief executive officer now directly owns 23,430 shares of the company's stock, valued at approximately $2,980,061.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $139.08, for a total value of $111,264.00. Following the transaction, the insider now directly owns 27,883 shares in the company, valued at $3,877,967.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,272 shares of company stock worth $4,277,219. Insiders own 0.20% of the company's stock.

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.