BTG Pactual Asset Management US LLC Sells 8,000 Shares of Electronic Arts Inc. $EA

BTG Pactual Asset Management US LLC lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 34.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the game software company’s stock after selling 8,000 shares during the period. BTG Pactual Asset Management US LLC’s holdings in Electronic Arts were worth $3,076,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $5,125,838,000. Public Investment Fund bought a new position in shares of Electronic Arts during the second quarter valued at approximately $5,086,618,377. Pentwater Capital Management LP bought a new position in shares of Electronic Arts during the second quarter valued at approximately $2,762,914,000. Norges Bank purchased a new stake in Electronic Arts in the fourth quarter worth $643,674,000. Finally, HBK Investments L P purchased a new stake in Electronic Arts in the fourth quarter worth $390,267,000. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EA shares. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research cut shares of 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. Citigroup boosted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $206.50.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’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 sale, the insider owned 26,360 shares in the company, valued at approximately $5,351,080. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 firm’s stock in a transaction that occurred on 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 directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This represents a 5.82% 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. Insiders have sold 8,700 shares of company stock valued at $1,766,950 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

EA opened at $209.70 on Monday. 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 cap of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The stock has a fifty day simple moving average of $207.97 and a two-hundred day simple moving average of $203.92. Electronic Arts Inc. has a 12-month low of $159.10 and a 12-month high of $210.20.

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