24,807,932 Shares in Electronic Arts Inc. $EA Bought by Public Investment Fund

Public Investment Fund purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EAFree Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 24,807,932 shares of the game software company’s stock, valued at approximately $5,086,618,377,000. Electronic Arts accounts for 13.4% of Public Investment Fund’s portfolio, making the stock its 3rd largest holding. Public Investment Fund owned 0.10% of Electronic Arts as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after acquiring an additional 294 shares in the last quarter. Empowered Funds LLC grew its holdings in Electronic Arts by 167.0% during the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after acquiring an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $2,323,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Electronic Arts by 96.4% in the 2nd quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock valued at $490,000 after purchasing an additional 1,505 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EA shares. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Zacks Research cut Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Citigroup raised their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $206.50.

Get Our Latest Stock Analysis on EA

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 80,974 shares in the company, valued at $16,447,438.88. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Monday, June 15th. The stock was 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 in the company, valued at approximately $5,351,080. This trade 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. In the last three months, insiders sold 8,700 shares of company stock valued at $1,766,950. Insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $209.70 on Thursday. The firm’s fifty day moving average price is $207.67 and its 200 day moving average price is $203.79. Electronic Arts Inc. has a 12 month low of $159.10 and a 12 month high of $210.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. The company has a market capitalization of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64.

Electronic Arts (NASDAQ:EAGet Free Report) last announced its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%. The firm had revenue of $1.99 billion during the quarter.

Electronic Arts Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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