Groupe la Francaise trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) by 24.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,146 shares of the game software company’s stock after selling 16,250 shares during the period. Groupe la Francaise’s holdings in Electronic Arts were worth $10,077,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in shares of Electronic Arts during the 2nd quarter valued at approximately $25,000. Ascentis Independent Advisors purchased a new stake in Electronic Arts during the first quarter worth $27,000. Torren Management LLC grew its position in 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 buying an additional 94 shares during the period. MV Capital Management Inc. acquired a new stake in Electronic Arts during the fourth quarter valued at $28,000. Finally, Meeder Asset Management Inc. purchased a new position in Electronic Arts in the second quarter valued at $31,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the transaction, the insider directly owned 73,513 shares in the company, valued at approximately $14,930,490.30. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the completion of the sale, the chief executive officer 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 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 sold 8,700 shares of company stock worth $1,766,950 over the last three months. Insiders own 0.24% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on Electronic Arts
Electronic Arts Price Performance
NASDAQ:EA opened at $209.70 on Monday. Electronic Arts Inc. has a 12 month low of $159.10 and a 12 month high of $210.20. The stock has a 50 day moving average of $208.52 and a two-hundred day moving average of $204.22. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The firm has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64.
Electronic Arts (NASDAQ:EA – Get Free Report) last released its earnings results 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 for the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.
About Electronic Arts
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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