Raiffeisen Bank International AG Has $575,000 Stake in Electronic Arts Inc. $EA

Raiffeisen Bank International AG lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 51.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,804 shares of the game software company’s stock after selling 2,987 shares during the period. Raiffeisen Bank International AG’s holdings in Electronic Arts were worth $575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EA. Jones Financial Companies Lllp acquired a new position in shares of Electronic Arts during the second quarter valued at about $25,000. Ascentis Independent Advisors acquired a new stake in shares of Electronic Arts in the 1st quarter valued at about $27,000. Torren Management LLC grew its stake in shares of Electronic Arts by 235.0% in the 2nd 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. bought a new stake in Electronic Arts in the 4th quarter valued at about $28,000. Finally, Meeder Asset Management Inc. acquired a new position in Electronic Arts during the 2nd quarter worth approximately $31,000. 90.23% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the sale, the insider owned 73,513 shares in the company, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 on Monday, June 15th. The shares were sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the sale, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. The trade was a 5.82% decrease in their ownership of the stock. 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. Insiders have sold 8,700 shares of company stock worth $1,766,950 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $209.70 on Monday. Electronic Arts Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $210.20. The stock has a market cap of $52.93 billion, a price-to-earnings 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. The firm’s 50-day simple moving average is $208.52 and its 200 day simple moving average is $204.22.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share (EPS) for the quarter. The business had revenue of $1.99 billion during the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen raised Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Zacks Research lowered 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. Finally, Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Reduce” and an average target price of $206.50.

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.