Universal Beteiligungs und Servicegesellschaft mbH Sells 71,104 Shares of Electronic Arts Inc. $EA

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in Electronic Arts Inc. (NASDAQ:EA) by 16.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371,964 shares of the game software company’s stock after selling 71,104 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of Electronic Arts worth $75,025,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norden Group LLC bought a new position in shares of Electronic Arts during the 2nd quarter worth about $214,000. Vanguard Personalized Indexing Management LLC increased its position in Electronic Arts by 34.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after buying an additional 10,453 shares in the last quarter. Vest Financial LLC raised its stake in Electronic Arts by 5.7% during the 2nd quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock worth $44,408,000 after buying an additional 15,032 shares during the period. Alta Advisers Ltd bought a new position in Electronic Arts in the second quarter worth approximately $205,000. Finally, NatWest Group plc acquired a new stake in Electronic Arts in the third quarter valued at approximately $10,414,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other news, Director Jeff Huber sold 16,788 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $200.72, for a total transaction of $3,369,687.36. Following the completion of the sale, the director directly owned 1,980 shares of the company’s stock, valued at $397,425.60. This trade represents a 89.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $204.26, for a total value of $1,021,300.00. Following the sale, the chief executive officer owned 38,858 shares in the company, valued at $7,937,135.08. The trade was a 11.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 123,769 shares of company stock valued at $24,943,734 in the last ninety days. Insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $204.00 on Wednesday. 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 firm has a 50-day moving average of $203.37 and a 200-day moving average of $186.46. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $204.88. The company has a market cap of $51.02 billion, a P/E ratio of 59.65, a P/E/G ratio of 2.41 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 22.22%.

Wall Street Analyst Weigh In

EA has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a report on Tuesday, September 30th. Argus set a $210.00 price objective on shares of Electronic Arts in a report on Thursday, October 30th. Citigroup raised their price objective on shares of Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Cowen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Finally, Morgan Stanley upped their target price on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Electronic Arts currently has an average rating of “Hold” and a consensus target price of $182.17.

About Electronic Arts

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.