Mint Tower Capital Management B.V. Takes $1.02 Million Position in Electronic Arts Inc. $EA

Mint Tower Capital Management B.V. acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 5,000 shares of the game software company’s stock, valued at approximately $1,025,000.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in Electronic Arts in the 2nd quarter worth $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 raised 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 purchasing an additional 94 shares during the period. MV Capital Management Inc. bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $28,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Electronic Arts in the second quarter valued at about $31,000. 90.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s 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 transaction, the chief executive officer owned 80,974 shares of the company’s stock, valued at $16,447,438.88. The trade was a 5.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction that occurred on Monday, June 15th. The stock was 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 in the company, valued at approximately $5,351,080. This represents a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,700 shares of company stock valued at $1,766,950 in the last 90 days. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EA shares. Citigroup increased their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Zacks Research downgraded Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Finally, Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $206.50.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $209.70 on Friday. The stock has a market capitalization of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The business has a 50-day moving average of $207.97 and a 200-day moving average of $203.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. Electronic Arts Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $210.20.

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

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.