Electronic Arts Inc. $EA Shares Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 267.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,010 shares of the game software company’s stock after purchasing an additional 5,831 shares during the period. FNY Investment Advisers LLC’s holdings in Electronic Arts were worth $1,642,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EA. Ascentis Independent Advisors acquired a new position in Electronic Arts during the 1st quarter valued at about $27,000. MV Capital Management Inc. acquired a new stake in Electronic Arts in the fourth quarter worth about $28,000. Asset Planning Inc purchased a new stake in shares of Electronic Arts during the first quarter worth about $32,000. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts during the first quarter worth about $32,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Electronic Arts during the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

EA opened at $209.70 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. Electronic Arts Inc. has a 12-month low of $159.10 and a 12-month high of $210.20. The firm has a 50 day moving average of $205.73 and a two-hundred day moving average of $203.12.

Trending Headlines about Electronic Arts

Here are the key news stories impacting Electronic Arts this week:

• Positive Sentiment: The acquisition has closed, removing deal-completion uncertainty and providing shareholders with a defined cash exit at $210 per share. The consortium’s large investment also signals confidence in EA’s franchises, including EA Sports FC and Battlefield. The $55 Billion Deal to Take Electronic Arts Private Is Finalized
• Neutral Sentiment: Because Electronic Arts is now privately held, its public-market valuation, earnings multiples and future stock-price catalysts will no longer apply once the transaction is fully reflected. Investors should focus instead on the cash consideration and settlement mechanics.
• Neutral Sentiment: EA appointed a new chief operating officer and chief studio officer after the transaction, suggesting the new owners are moving quickly to establish an operating structure and oversee the company’s game-development studios. EA appoints new COO and chief studio officer after closing $55 billion acquisition
• Negative Sentiment: Reports warn that cost-cutting and potential mass layoffs could follow the buyout. Such restructuring may reduce near-term expenses but could disrupt development, employee retention and the release pipeline for EA’s major franchises. EA Has Officially Been Sold, With Trump’s Son-In-Law Taking A Stake And Mass Layoffs Expected

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the sale, the insider owned 26,360 shares in the company, valued at $5,351,080. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 80,974 shares in the company, valued at approximately $16,447,438.88. This trade represents a 5.82% 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. Over the last ninety days, insiders have sold 31,206 shares of company stock valued at $6,292,058. 0.24% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on EA. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Citigroup raised their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of “Reduce” and an average target price of $202.27.

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.