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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Electronic Arts Inc. (NASDAQ:EAFree Report) by 10.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,240,769 shares of the game software company’s stock after selling 251,414 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.89% of Electronic Arts worth $459,447,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. New Mexico Educational Retirement Board boosted its position in shares of Electronic Arts by 8.8% during the 2nd quarter. New Mexico Educational Retirement Board now owns 11,163 shares of the game software company’s stock worth $2,289,000 after acquiring an additional 900 shares in the last quarter. Mufg Securities Americas Inc. raised its position in Electronic Arts by 8.9% during the second quarter. Mufg Securities Americas Inc. now owns 6,784 shares of the game software company’s stock valued at $1,391,000 after purchasing an additional 552 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its position in Electronic Arts by 5.2% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 2,166 shares of the game software company’s stock valued at $444,000 after purchasing an additional 108 shares in the last quarter. Nissay Asset Management Corp Japan lifted its stake in Electronic Arts by 2.3% during the second quarter. Nissay Asset Management Corp Japan now owns 91,007 shares of the game software company’s stock worth $18,660,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Electronic Arts by 170.4% in the 2nd quarter. Hsbc Holdings PLC now owns 1,807,224 shares of the game software company’s stock valued at $370,945,000 after purchasing an additional 1,138,788 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

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

Electronic Arts (NASDAQ:EAGet Free Report) last announced its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 EPS for the quarter. The firm had revenue of $1.99 billion for the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.

Wall Street Analysts Forecast Growth

EA has been the topic of several research analyst reports. Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup lifted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. 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 company’s stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Reduce” and a consensus price target of $206.50.

View Our Latest Research Report on Electronic Arts

Insider Transactions at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the sale, the insider directly owned 73,513 shares in the company, valued at $14,930,490.30. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the transaction, the insider directly owned 26,360 shares in the company, valued at $5,351,080. The trade was a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 8,700 shares of company stock worth $1,766,950. Company insiders own 0.24% of the company’s stock.

About Electronic Arts

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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