MASTERINVEST Kapitalanlage GmbH Makes New $3.38 Million Investment in Electronic Arts Inc. $EA

MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, Holdings Channel reports. The firm purchased 16,463 shares of the game software company’s stock, valued at approximately $3,376,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new stake in Electronic Arts in the 2nd quarter valued at $25,000. Ascentis Independent Advisors acquired a new position in shares of Electronic Arts during the 1st quarter worth about $27,000. Torren Management LLC grew its holdings 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 acquiring an additional 94 shares in the last quarter. MV Capital Management Inc. bought a new position in shares of Electronic Arts in the 4th quarter valued at about $28,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Electronic Arts in the second quarter valued at about $31,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the sale, the insider owned 73,513 shares in the company, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 26,360 shares of the company’s stock, valued at $5,351,080. This represents 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 sold a total of 8,700 shares of company stock valued at $1,766,950 over the last three months. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Electronic Arts Price Performance

Shares of EA stock opened at $209.70 on Friday. Electronic Arts Inc. has a 52-week low of $159.10 and a 52-week high of $210.20. The stock has a market cap of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The firm’s 50-day moving average is $207.82 and its 200-day moving average is $203.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.21.

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

Electronic Arts Company 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.