UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $459.45 Million Stake in Electronic Arts Inc. $EA

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,240,769 shares of the game software company’s stock after selling 251,414 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Electronic Arts were worth $459,447,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of EA. Resona Asset Management Co. Ltd. boosted its position in shares of Electronic Arts by 12.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 108,908 shares of the game software company’s stock valued at $22,185,000 after purchasing an additional 12,095 shares in the last quarter. Swiss National Bank lifted its stake in Electronic Arts by 8.0% in the first quarter. Swiss National Bank now owns 704,400 shares of the game software company’s stock valued at $143,606,000 after buying an additional 51,900 shares during the period. Mizuho Markets Americas LLC acquired a new position in Electronic Arts in the fourth quarter valued at approximately $2,043,000. Generali Asset Management SPA SGR boosted its holdings in shares of Electronic Arts by 76.3% during the 4th quarter. Generali Asset Management SPA SGR now owns 29,530 shares of the game software company’s stock worth $6,034,000 after buying an additional 12,777 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $643,674,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

NASDAQ EA opened at $209.70 on Monday. The company has a fifty day simple moving average of $207.97 and a 200 day simple moving average of $203.92. Electronic Arts Inc. has a 12-month low of $159.10 and a 12-month high of $210.20. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The company has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%. The firm had revenue of $1.99 billion for the quarter.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the completion of the sale, the insider directly owned 26,360 shares of the company’s stock, valued at $5,351,080. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the transaction, the chief executive officer owned 80,974 shares in the company, valued at $16,447,438.88. This represents a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,700 shares of company stock worth $1,766,950 in the last quarter. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EA. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Citigroup raised their target price on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $206.50.

Electronic Arts Company Profile

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.