P Schoenfeld Asset Management LP Invests $11.19 Million in Electronic Arts Inc. $EA

P Schoenfeld Asset Management LP acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 54,580 shares of the game software company’s stock, valued at approximately $11,191,083. Electronic Arts comprises about 0.0% of P Schoenfeld Asset Management LP’s investment portfolio, making the stock its 6th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of EA. Ascentis Independent Advisors acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $27,000. Torren Management LLC increased its stake in Electronic Arts by 235.0% during the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after buying an additional 94 shares during the period. MV Capital Management Inc. acquired a new stake in shares of Electronic Arts in the 4th quarter worth about $28,000. Meeder Asset Management Inc. bought a new position in shares of Electronic Arts in the second quarter valued at $31,000. Finally, Asset Planning Inc purchased a new stake in shares of Electronic Arts during the 1st quarter worth about $32,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the transaction, 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 position. The sale was disclosed in a legal 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, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were 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. 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 ninety days, insiders sold 8,700 shares of company stock valued at $1,766,950. Insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock remained flat at $209.70 on Friday. 48,626,734 shares of the stock were exchanged, compared to its average volume of 5,040,276. The business has a fifty day moving average price of $207.82 and a 200-day moving average price of $203.86. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a twelve month low of $159.10 and a twelve month high of $210.20.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share (EPS) for the quarter. The company had revenue of $1.99 billion for 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.