Sanctuary Advisors LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,105 shares of the game software company’s stock, valued at approximately $1,047,000.
Other large investors have also recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in shares of Electronic Arts during the first quarter valued at approximately $27,000. Torren Management LLC lifted its position in Electronic Arts by 235.0% in the second quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after purchasing an additional 94 shares during the period. MV Capital Management Inc. bought a new position in Electronic Arts during the 4th quarter valued at $28,000. Meeder Asset Management Inc. bought a new position in Electronic Arts during the 2nd quarter valued at $31,000. Finally, Asset Planning Inc acquired a new position in shares of Electronic Arts during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 90.23% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Citigroup lifted their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of “Reduce” and an average price target of $206.50.
Electronic Arts Price Performance
Shares of NASDAQ:EA opened at $209.70 on Friday. Electronic Arts Inc. has a one year low of $159.10 and a one year high of $210.20. The stock has a fifty day moving average of $207.82 and a 200-day moving average of $203.86. The company has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. 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 (NASDAQ:EA – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. The business had revenue of $1.99 billion during the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.
Insider Activity
In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated 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 approximately $16,447,438.88. The trade was a 5.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the sale, the insider directly owned 26,360 shares of the company’s stock, valued at $5,351,080. This represents a 4.35% decrease in their ownership of the stock. 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 sold a total of 8,700 shares of company stock valued at $1,766,950 over the last three months. Insiders own 0.24% of the company’s stock.
Electronic Arts 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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