Mitsubishi UFJ Trust & Banking Corp Boosts Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 279,637 shares of the game software company’s stock after buying an additional 22,047 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Electronic Arts were worth $40,911,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of Electronic Arts by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after buying an additional 26,505 shares during the period. Amundi lifted its holdings in Electronic Arts by 4.3% in the fourth quarter. Amundi now owns 2,990,729 shares of the game software company’s stock valued at $431,315,000 after acquiring an additional 122,494 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Electronic Arts by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock valued at $261,772,000 after acquiring an additional 23,289 shares during the last quarter. Swedbank AB grew its position in Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Electronic Arts by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after acquiring an additional 36,153 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stifel Nicolaus decreased their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Roth Mkm lowered their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Benchmark lifted their price target on shares of Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Finally, BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a report on Monday, January 27th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $155.65.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the sale, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at $3,354,721.70. This represents a 6.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the transaction, the insider now directly owns 29,216 shares in the company, valued at approximately $4,311,405.12. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,000 shares of company stock valued at $3,018,560. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Stock Up 0.5 %

Shares of NASDAQ:EA opened at $145.19 on Thursday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm’s 50 day moving average price is $132.92 and its 200 day moving average price is $144.62. 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 stock has a market cap of $37.84 billion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts’s payout ratio is currently 19.34%.

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.