Harvest Management LLC raised its holdings in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 199,500 shares of the game software company’s stock after buying an additional 15,600 shares during the period. Electronic Arts makes up approximately 16.1% of Harvest Management LLC’s portfolio, making the stock its largest position. Harvest Management LLC owned 0.08% of Electronic Arts worth $40,905,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in Electronic Arts during the 2nd quarter worth $25,000. Ascentis Independent Advisors acquired a new stake in Electronic Arts in the 1st quarter valued at about $27,000. Torren Management LLC raised its position in Electronic Arts by 235.0% in the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after purchasing an additional 94 shares in the last quarter. MV Capital Management Inc. acquired a new stake in Electronic Arts in the 4th quarter valued at about $28,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Electronic Arts in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.
Electronic Arts Price Performance
Shares of NASDAQ EA opened at $209.70 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.21. Electronic Arts Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $210.20. The firm has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. The stock’s 50-day simple moving average is $207.97 and its 200-day simple moving average is $203.90.
Insider Transactions at Electronic Arts
In related news, insider Vijayanthimala Singh sold 1,200 shares of the 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 $5,351,080. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the sale, the chief executive officer owned 80,974 shares in the company, valued at $16,447,438.88. This represents a 5.82% 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. In the last quarter, insiders sold 8,700 shares of company stock worth $1,766,950. 0.24% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Citigroup increased their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $206.50.
View Our Latest Research Report on EA
Electronic Arts Company Profile
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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