China Universal Asset Management Co. Ltd. Acquires 917 Shares of Electronic Arts Inc. (NASDAQ:EA)

China Universal Asset Management Co. Ltd. lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 27.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,268 shares of the game software company’s stock after purchasing an additional 917 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Electronic Arts were worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EA. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the 3rd quarter valued at about $25,000. Pinnacle Bancorp Inc. raised its holdings in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of Electronic Arts during the third quarter worth $36,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after acquiring an additional 166 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on EA. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Friday. Stifel Nicolaus decreased their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.43.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated 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 directly owns 42,615 shares in the company, valued at $6,080,308.20. This trade represents a 10.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,000 shares of company stock valued at $3,835,555. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $122.91 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $147.66 and a 200 day moving average of $147.95. The firm has a market capitalization of $32.24 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.38 and a beta of 0.80. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

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.