UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in Electronic Arts Inc. (NASDAQ:EA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 7.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,531,254 shares of the game software company’s stock after selling 211,591 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.97% of Electronic Arts worth $363,083,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fiduciary Trust Co acquired a new stake in shares of Electronic Arts in the third quarter valued at approximately $261,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Electronic Arts by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 320,537 shares of the game software company’s stock valued at $45,978,000 after purchasing an additional 6,700 shares during the last quarter. Providence Capital Advisors LLC boosted its stake in Electronic Arts by 1.8% during the 3rd quarter. Providence Capital Advisors LLC now owns 44,115 shares of the game software company’s stock worth $6,328,000 after purchasing an additional 800 shares during the period. BNP Paribas grew its position in Electronic Arts by 37.1% during the 3rd quarter. BNP Paribas now owns 912 shares of the game software company’s stock worth $131,000 after purchasing an additional 247 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Electronic Arts by 12.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 230,224 shares of the game software company’s stock valued at $33,023,000 after purchasing an additional 25,767 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the sale, the chief executive officer now owns 54,247 shares in the company, valued at approximately $7,675,950.50. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $146.58, for a total transaction of $219,870.00. Following the sale, the executive vice president now directly owns 26,360 shares in the company, valued at $3,863,848.80. This represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock valued at $3,073,520 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Trading Down 1.2 %

Shares of EA stock opened at $163.10 on Friday. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $150.61 and a 200-day simple moving average of $144.63. The stock has a market cap of $42.78 billion, a P/E ratio of 41.93, a P/E/G ratio of 2.14 and a beta of 0.78.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s payout ratio is currently 19.54%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EA shares. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Robert W. Baird increased their price objective on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Roth Mkm boosted their target price on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price target (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Finally, Wedbush reissued an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

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.