Y Intercept Hong Kong Ltd Invests $6.73 Million in Electronic Arts Inc. $EA

Y Intercept Hong Kong Ltd bought a new position in Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,117 shares of the game software company’s stock, valued at approximately $6,726,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 0.5% in the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after acquiring an additional 150,438 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of Electronic Arts by 4.6% in the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after acquiring an additional 193,442 shares during the last quarter. Independent Franchise Partners LLP lifted its holdings in shares of Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock worth $570,233,000 after acquiring an additional 88,767 shares during the last quarter. Invesco Ltd. raised its holdings in Electronic Arts by 15.6% in the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock valued at $539,563,000 after buying an additional 504,760 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Electronic Arts by 62.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after buying an additional 1,254,194 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EA. Argus raised their price objective on shares of Electronic Arts from $180.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Morgan Stanley raised their price objective on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the company an “equal weight” rating in a report on Monday, July 28th. Bank of America raised their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and raised their price objective for the company from $200.00 to $210.00 in a report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and an average price target of $179.38.

Electronic Arts Stock Down 0.2%

Shares of NASDAQ EA opened at $200.50 on Tuesday. The company has a market capitalization of $50.17 billion, a P/E ratio of 50.25, a price-to-earnings-growth ratio of 3.05 and a beta of 0.77. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The company’s 50 day moving average price is $183.87 and its 200-day moving average price is $163.41.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 6,500 shares of Electronic Arts stock in a transaction on Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $1,322,100.00. Following the completion of the sale, the chief financial officer owned 5,140 shares in the company, valued at $1,045,476. The trade was a 55.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $244,080.00. Following the completion of the sale, the insider owned 33,531 shares of the company’s stock, valued at $6,820,205.40. This represents a 3.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,900 shares of company stock worth $7,748,187. Company insiders own 0.24% of the company’s stock.

Electronic Arts Company 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.