Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in Electronic Arts Inc. $EA

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 489,757 shares of the game software company’s stock after acquiring an additional 21,057 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of Electronic Arts worth $98,784,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Walter Public Investments Inc. lifted its holdings in shares of Electronic Arts by 41.7% during the third quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock valued at $9,685,000 after purchasing an additional 14,134 shares in the last quarter. NatWest Group plc purchased a new position in Electronic Arts in the 3rd quarter worth about $10,414,000. Bank of Montreal Can raised its position in Electronic Arts by 14.3% in the 2nd quarter. Bank of Montreal Can now owns 326,682 shares of the game software company’s stock worth $52,171,000 after buying an additional 40,848 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Electronic Arts by 35.4% during the 3rd quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock valued at $78,859,000 after acquiring an additional 102,248 shares during the period. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Electronic Arts during the 3rd quarter valued at about $1,025,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Down 0.2%

EA opened at $200.57 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 1-year low of $128.02 and a 1-year high of $204.88. The company has a market capitalization of $50.19 billion, a PE ratio of 75.40, a PEG ratio of 2.39 and a beta of 0.74. The firm’s 50 day simple moving average is $202.81 and its two-hundred day simple moving average is $195.09.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is currently 28.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EA shares. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Citigroup cut their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Finally, UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $186.95.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $200.63, for a total transaction of $240,756.00. Following the transaction, the insider directly owned 31,160 shares of the company’s stock, valued at $6,251,630.80. The trade was a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $510,275.00. Following the transaction, the insider owned 53,148 shares of the company’s stock, valued at approximately $10,848,038.28. This trade represents a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,600 shares of company stock valued at $5,589,823 over the last three months. 0.24% of the stock is currently owned by company insiders.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.