Mitsubishi UFJ Asset Management Co. Ltd. Has $58.80 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 8.7% in the 4th quarter, Holdings Channel reports. The firm owned 401,926 shares of the game software company’s stock after purchasing an additional 32,057 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Electronic Arts were worth $58,798,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Electronic Arts by 0.4% in the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after purchasing an additional 26,505 shares during the last quarter. Amundi increased its position in Electronic Arts by 4.3% in the 4th quarter. Amundi now owns 2,990,729 shares of the game software company’s stock worth $431,315,000 after buying an additional 122,494 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Electronic Arts by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock worth $261,772,000 after buying an additional 23,289 shares during the last quarter. Swedbank AB boosted its position in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after acquiring an additional 95,190 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Electronic Arts by 2.5% in 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. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EA shares. Stifel Nicolaus reduced their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Benchmark lifted their target price on Electronic Arts from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Wedbush reiterated an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. Ascendiant Capital Markets boosted their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, Robert W. Baird reduced their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $155.65.

Electronic Arts Price Performance

Shares of EA opened at $144.25 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a 50 day simple moving average of $133.05 and a 200 day simple moving average of $144.62. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The firm has a market capitalization of $37.59 billion, a PE ratio of 36.70, a P/E/G ratio of 3.58 and a beta of 0.78.

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

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s payout ratio is presently 19.34%.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the transaction, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s 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 owns 32,615 shares in the company, valued at $4,647,637.50. The trade was a 13.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,000 shares of company stock valued at $3,018,560. 0.22% of the stock is owned by insiders.

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.