United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes Position in Electronic Arts Inc. (NASDAQ:EA)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,800 shares of the game software company’s stock, valued at approximately $410,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Electronic Arts by 8.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 279,637 shares of the game software company’s stock valued at $40,911,000 after acquiring an additional 22,047 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Electronic Arts by 3.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,210 shares of the game software company’s stock worth $909,000 after purchasing an additional 227 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Electronic Arts during the fourth quarter worth $367,000. LPL Financial LLC grew its holdings in shares of Electronic Arts by 6.3% during the fourth quarter. LPL Financial LLC now owns 94,888 shares of the game software company’s stock worth $13,882,000 after buying an additional 5,652 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Electronic Arts in the fourth quarter worth about $18,570,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EA shares. Oppenheimer cut their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Wedbush reissued an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Friday, January 31st. DA Davidson initiated coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 target price on the stock. Finally, Bank of America raised their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $155.65.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the transaction, the chief executive officer now owns 42,615 shares in the company, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the transaction, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,000 shares of company stock worth $3,018,560. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Up 0.5 %

Electronic Arts stock opened at $145.19 on Thursday. The firm has a market capitalization of $37.84 billion, a P/E ratio of 36.94, a P/E/G ratio of 3.58 and a beta of 0.78. The stock’s fifty day simple moving average is $132.92 and its 200-day simple moving average is $144.62. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 19.34%.

Electronic Arts 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.