Edmond DE Rothschild Holding S.A. bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,550 shares of the game software company’s stock, valued at approximately $523,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its position in Electronic Arts by 26.7% in the first quarter. Cornerstone Planning Group LLC now owns 242 shares of the game software company’s stock worth $49,000 after acquiring an additional 51 shares in the last quarter. Optas LLC increased its stake in Electronic Arts by 4.2% in the 1st quarter. Optas LLC now owns 1,332 shares of the game software company’s stock worth $272,000 after purchasing an additional 54 shares in the last quarter. Salomon & Ludwin LLC increased its stake in Electronic Arts by 32.8% in the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after purchasing an additional 57 shares in the last quarter. Macroview Investment Management LLC lifted its stake in Electronic Arts by 6.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock valued at $218,000 after buying an additional 62 shares in the last quarter. Finally, Candriam S.C.A. lifted its stake in Electronic Arts by 0.3% during the first quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock valued at $5,033,000 after buying an additional 65 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.
Insider Buying and Selling at Electronic Arts
In other news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.00, for a total value of $243,600.00. Following the transaction, the insider directly owned 26,360 shares of the company’s stock, valued at approximately $5,351,080. This represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the sale, the insider owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,700 shares of company stock valued at $1,766,950 in the last quarter. Company insiders own 0.24% of the company’s stock.
Electronic Arts Price Performance
Electronic Arts (NASDAQ:EA – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 EPS for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%. The business had revenue of $1.99 billion during the quarter.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on EA. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Citigroup raised their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Finally, Zacks Research cut Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $206.50.
Read Our Latest Stock Analysis on EA
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.
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