NEOS Investment Management LLC Buys 22,084 Shares of Electronic Arts Inc. $EA

NEOS Investment Management LLC lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 185,844 shares of the game software company’s stock after buying an additional 22,084 shares during the quarter. NEOS Investment Management LLC’s holdings in Electronic Arts were worth $38,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp bought a new position in Electronic Arts in the 2nd quarter valued at about $25,000. Ascentis Independent Advisors acquired a new stake in Electronic Arts during the first quarter worth approximately $27,000. Torren Management LLC boosted its holdings in shares of Electronic Arts by 235.0% during the second quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after acquiring an additional 94 shares during the period. MV Capital Management Inc. bought a new stake in shares of Electronic Arts during the fourth quarter worth approximately $28,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Electronic Arts in the second quarter valued at approximately $31,000. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EA. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Zacks Research downgraded Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Citigroup increased their price objective 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, Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $206.50.

Electronic Arts Price Performance

Shares of EA opened at $209.70 on Friday. Electronic Arts Inc. has a 12 month low of $159.10 and a 12 month high of $210.20. The firm’s 50 day moving average is $208.43 and its 200-day moving average is $204.15. The stock has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21.

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. The company had revenue of $1.99 billion during the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the transaction, the insider directly owned 73,513 shares of the company’s stock, valued at $14,930,490.30. The trade was a 3.29% 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, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction on Monday, June 15th. The shares were 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 of the company’s stock, valued at approximately $5,351,080. The trade was a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,700 shares of company stock valued at $1,766,950 in the last three months. 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.