Mitsubishi UFJ Trust & Banking Corp Buys 146,138 Shares of Electronic Arts Inc. $EA

Mitsubishi UFJ Trust & Banking Corp increased its position in Electronic Arts Inc. (NASDAQ:EA) by 51.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 428,785 shares of the game software company’s stock after buying an additional 146,138 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.17% of Electronic Arts worth $68,477,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its holdings in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Electronic Arts by 3.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after buying an additional 72 shares in the last quarter. Bank of Jackson Hole Trust increased its holdings in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after buying an additional 75 shares during the last quarter. Financial Management Professionals Inc. raised its position in shares of Electronic Arts by 13.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock valued at $102,000 after buying an additional 76 shares in the last quarter. Finally, STF Management LP lifted its holdings in shares of Electronic Arts by 2.0% in the 2nd quarter. STF Management LP now owns 3,944 shares of the game software company’s stock valued at $630,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EA. Oppenheimer downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 30th. Arete upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price target on the stock in a report on Tuesday, August 5th. TD Cowen lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Robert W. Baird reissued a “neutral” rating and issued a $210.00 target price (up previously from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Finally, Morgan Stanley lifted their price target on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $181.64.

Electronic Arts Price Performance

EA opened at $202.00 on Thursday. The firm has a market capitalization of $50.38 billion, a PE ratio of 59.06, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50-day moving average is $190.90 and its two-hundred day moving average is $168.13. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 earnings per share. Research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be given a $0.19 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 22.22%.

Insider Buying and Selling

In other Electronic Arts news, CFO Stuart Canfield sold 6,500 shares of Electronic Arts stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares in the company, valued at approximately $1,045,476. The trade was a 55.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00. Following the completion of the sale, the insider owned 55,592 shares in the company, valued at $9,544,590.48. The trade was a 4.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,400 shares of company stock worth $7,359,462 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.

About Electronic Arts

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.