Engineers Gate Manager LP increased its position in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 11.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,417 shares of the game software company’s stock after purchasing an additional 6,429 shares during the quarter. Engineers Gate Manager LP’s holdings in Electronic Arts were worth $12,593,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of EA. Brighton Jones LLC grew its holdings in Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after purchasing an additional 294 shares during the period. Empowered Funds LLC increased its position in Electronic Arts by 167.0% during the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after buying an additional 12,076 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after buying an additional 190 shares during the period. Jump Financial LLC bought a new stake in Electronic Arts in the second quarter valued at approximately $2,323,000. Finally, NewEdge Advisors LLC lifted its position in shares of Electronic Arts by 96.4% in the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock valued at $490,000 after buying an additional 1,505 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This represents a 5.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of Electronic Arts 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 directly owned 73,513 shares of the company’s stock, valued at $14,930,490.30. This represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 8,700 shares of company stock valued at $1,766,950. Insiders own 0.24% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Analysis on Electronic Arts
Electronic Arts Price Performance
Electronic Arts stock opened at $209.70 on Friday. The company’s 50-day moving average price is $208.88 and its two-hundred day moving average price is $204.49. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. The stock has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a twelve month low of $159.10 and a twelve month high of $210.20.
Electronic Arts (NASDAQ:EA – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The game software company reported $1.58 earnings per share (EPS) for the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.The company had revenue of $1.99 billion during the quarter.
About Electronic Arts
Electronic Arts Inc (NASDAQ:EA) is a global developer and publisher of interactive entertainment. The company creates and distributes games for consoles, personal computers, mobile devices and online platforms, with business activities spanning full-game sales, downloadable content, subscriptions and live services.
Electronic Arts’ portfolio includes sports franchises such as EA Sports FC, Madden NFL, College Football, NHL and UFC, as well as entertainment and action titles including The Sims, Battlefield, Apex Legends, Need for Speed and Plants vs.
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