Caisse de depot et placement du Quebec Purchases Shares of 80,819 Electronic Arts Inc. $EA

Caisse de depot et placement du Quebec acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 80,819 shares of the game software company’s stock, valued at approximately $16,571,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in shares of Electronic Arts in the 2nd quarter worth $25,000. Ascentis Independent Advisors purchased a new stake in Electronic Arts in the 1st quarter valued at about $27,000. Torren Management LLC lifted its position in shares of 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 in the last quarter. MV Capital Management Inc. bought a new position in shares of Electronic Arts during the 4th quarter worth approximately $28,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Electronic Arts in the 2nd quarter worth approximately $31,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’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 completion of the transaction, the insider owned 73,513 shares in the company, valued at $14,930,490.30. This trade represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 that occurred on 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 in the company, valued at $16,447,438.88. This represents a 5.82% 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. In the last quarter, insiders have sold 8,700 shares of company stock valued at $1,766,950. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $209.70 on Friday. The firm has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $207.97 and its 200-day moving average is $203.90. Electronic Arts Inc. has a 12-month low of $159.10 and a 12-month high of $210.20.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. The business 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.