UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 211,591 Shares of Electronic Arts Inc. (NASDAQ:EA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 7.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,531,254 shares of the game software company's stock after selling 211,591 shares during the quarter. 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 filing with the SEC.

Other large investors have also modified their holdings of the company. Ninety One UK Ltd grew its stake in Electronic Arts by 1.3% during the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company's stock valued at $596,825,000 after purchasing an additional 53,237 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Electronic Arts by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company's stock valued at $583,162,000 after purchasing an additional 18,376 shares in the last quarter. Legal & General Group Plc grew its stake in Electronic Arts by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company's stock valued at $367,789,000 after purchasing an additional 53,800 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Electronic Arts by 3.8% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company's stock worth $290,945,000 after buying an additional 76,621 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Electronic Arts by 29.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company's stock worth $215,725,000 after buying an additional 354,005 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares in the company, valued at $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the transaction, the insider now owns 30,190 shares in the company, valued at $4,579,823. This represents a 3.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,000 shares of company stock worth $3,073,520. Company insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

EA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Benchmark reissued a "buy" rating and issued a $163.00 price target on shares of Electronic Arts in a report on Wednesday, October 30th. Argus lifted their target price on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Morgan Stanley reaffirmed an "equal weight" rating and set a $150.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. cut their target price on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.37.

Electronic Arts Stock Up 0.3 %

Shares of NASDAQ:EA traded up $0.57 on Friday, reaching $163.67. The company had a trading volume of 1,624,185 shares, compared to its average volume of 2,047,013. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The stock has a 50-day moving average price of $151.06 and a 200 day moving average price of $144.75. The stock has a market capitalization of $42.93 billion, a P/E ratio of 42.12, a P/E/G ratio of 2.13 and a beta of 0.78. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. Electronic Arts's payout ratio is presently 19.54%.

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.