9,600 Shares in Electronic Arts Inc. $EA Purchased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 9,600 shares of the game software company’s stock, valued at approximately $1,968,000.

A number of other large investors have also modified their holdings of the business. Cornerstone Planning Group LLC boosted its stake in shares of Electronic Arts by 26.7% in the first quarter. Cornerstone Planning Group LLC now owns 242 shares of the game software company’s stock valued at $49,000 after buying an additional 51 shares in the last quarter. Optas LLC raised its position in Electronic Arts by 4.2% in the first quarter. Optas LLC now owns 1,332 shares of the game software company’s stock worth $272,000 after acquiring an additional 54 shares in the last quarter. Salomon & Ludwin LLC raised its position in Electronic Arts by 32.8% in the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after acquiring an additional 57 shares in the last quarter. Macroview Investment Management LLC lifted its holdings in Electronic Arts by 6.2% in the fourth quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock valued at $218,000 after acquiring an additional 62 shares during the period. Finally, Candriam S.C.A. boosted its position in shares of Electronic Arts by 0.3% during the 1st quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock worth $5,033,000 after purchasing an additional 65 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EA. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Citigroup upped their price target on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $206.50.

Insider Buying and Selling

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 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 ownership of the stock. The transaction was disclosed in a legal 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 Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the sale, the insider owned 73,513 shares of the company’s stock, valued at $14,930,490.30. This represents a 3.29% 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. Over the last three months, insiders have sold 8,700 shares of company stock valued at $1,766,950. Insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $209.70 on Thursday. The business’s fifty day moving average price is $207.00 and its two-hundred day moving average price is $203.47. The stock has a market cap 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 Inc. has a one year low of $159.10 and a one year high of $210.20.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. The firm 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%.

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.