Northwestern Mutual Wealth Management Co. purchased 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 filing with the Securities & Exchange Commission. The fund purchased 4,711 shares of the game software company’s stock, valued at approximately $966,000.
Other institutional investors also recently bought and sold shares of the company. Ascentis Independent Advisors bought a new position in shares of Electronic Arts in the 1st quarter worth approximately $27,000. Torren Management LLC boosted its position in shares of Electronic Arts by 235.0% during the second 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. bought a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $28,000. Meeder Asset Management Inc. purchased a new stake in Electronic Arts in the second quarter worth $31,000. Finally, Asset Planning Inc purchased a new stake in Electronic Arts in the first quarter worth $32,000. 90.23% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at approximately $16,447,438.88. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the transaction, the insider owned 26,360 shares in the company, valued at approximately $5,351,080. This represents a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,700 shares of company stock worth $1,766,950 in the last quarter. Corporate insiders own 0.24% of the company’s stock.
Wall Street Analyst Weigh In
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Electronic Arts Price Performance
Shares of NASDAQ:EA opened at $209.70 on Wednesday. The stock has a fifty day simple moving average of $207.53 and a two-hundred day simple moving average of $203.71. The stock has a market capitalization of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a 12-month low of $159.10 and a 12-month high of $210.20. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21.
Electronic Arts (NASDAQ:EA – Get Free Report) last released its earnings results on Monday, August 3rd. The game software company reported $1.58 EPS for the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.The business had revenue of $1.99 billion for the quarter.
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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