Kapitalo Investimentos Ltda Invests $38.05 Million in Electronic Arts Inc. $EA

Kapitalo Investimentos Ltda purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 185,573 shares of the game software company’s stock, valued at approximately $38,050,000. Electronic Arts makes up approximately 2.4% of Kapitalo Investimentos Ltda’s investment portfolio, making the stock its 8th largest position. Kapitalo Investimentos Ltda owned approximately 0.07% of Electronic Arts as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in Electronic Arts during the 2nd quarter worth approximately $25,000. Ascentis Independent Advisors acquired a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $27,000. Torren Management LLC boosted its stake in shares of Electronic Arts by 235.0% in the second 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 in the last quarter. MV Capital Management Inc. acquired a new position in Electronic Arts during the fourth quarter worth $28,000. Finally, Meeder Asset Management Inc. acquired a new position in Electronic Arts during the second quarter worth $31,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts 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 transaction, the chief executive officer directly owned 80,974 shares in the company, valued at $16,447,438.88. The trade was a 5.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 shares were sold at an average price of $203.00, for a total value of $243,600.00. Following the completion of the sale, the insider directly owned 26,360 shares in the company, valued at approximately $5,351,080. The trade was a 4.35% decrease in their position. The SEC filing for this sale provides additional information. 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.

Analyst Upgrades and Downgrades

EA has been the subject of a number of recent analyst reports. Citigroup raised their target price on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. One investment 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.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $206.50.

Electronic Arts Stock Performance

NASDAQ:EA opened at $209.70 on Wednesday. Electronic Arts Inc. has a 52-week low of $159.10 and a 52-week high of $210.20. 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 stock has a fifty day simple moving average of $207.53 and a 200-day simple moving average of $203.71. The company has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64.

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

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.