PSquared Asset Management AG Buys Shares of 150,684 Electronic Arts Inc. $EA

PSquared Asset Management AG bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 150,684 shares of the game software company’s stock, valued at approximately $30,896,000. Electronic Arts makes up 10.1% of PSquared Asset Management AG’s investment portfolio, making the stock its 4th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Old North State Trust LLC bought a new position in Electronic Arts during the 2nd quarter worth approximately $230,000. Centaurus Financial Inc. bought a new stake in Electronic Arts in the second quarter valued at approximately $311,000. Jefferies Financial Group Inc. acquired a new stake in Electronic Arts in the second quarter worth $803,000. Public Employees Retirement System of Ohio acquired a new stake in Electronic Arts in the second quarter worth $21,266,000. Finally, MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Electronic Arts during the second quarter worth $3,376,000. 90.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $209.70 on Friday. The firm has a market cap of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. The business’s 50 day simple moving average is $207.82 and its 200 day simple moving average is $203.86. 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 Inc. has a 52-week low of $159.10 and a 52-week high of $210.20.

Electronic Arts (NASDAQ:EA) last released 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 return on equity of 22.45% and a net margin of 13.80%.The firm had revenue of $1.99 billion during the quarter.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’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 completion of the transaction, the insider owned 26,360 shares in the company, valued at $5,351,080. This trade represents a 4.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 company’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 owned 80,974 shares in the company, valued at $16,447,438.88. The trade was a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 8,700 shares of company stock valued at $1,766,950. Corporate insiders own 0.24% of the company’s stock.

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.