Jupiter Topco LLC Takes Position in Electronic Arts Inc. $EA

Jupiter Topco LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 110,874 shares of the game software company’s stock, valued at approximately $22,729,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. grew its position in Electronic Arts by 12.5% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 108,908 shares of the game software company’s stock valued at $22,185,000 after buying an additional 12,095 shares in the last quarter. Swiss National Bank raised its position in shares of Electronic Arts by 8.0% during the 1st quarter. Swiss National Bank now owns 704,400 shares of the game software company’s stock worth $143,606,000 after buying an additional 51,900 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Electronic Arts in the 4th quarter worth approximately $2,043,000. Generali Asset Management SPA SGR lifted its stake in shares of Electronic Arts by 76.3% in the 4th quarter. Generali Asset Management SPA SGR now owns 29,530 shares of the game software company’s stock worth $6,034,000 after acquiring an additional 12,777 shares during the period. Finally, Norges Bank bought a new position in shares of Electronic Arts in the fourth quarter valued at approximately $643,674,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the transaction, the insider owned 26,360 shares of the company’s stock, valued at approximately $5,351,080. This trade represents a 4.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the sale, the chief executive officer owned 80,974 shares in the company, valued at approximately $16,447,438.88. The trade was 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. In the last quarter, insiders have sold 8,700 shares of company stock valued at $1,766,950. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Stock Performance

Shares of EA opened at $209.70 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. The firm’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. The stock has a market capitalization of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64.

Electronic Arts (NASDAQ:EA) last released its 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 net margin of 13.80% and a return on equity of 22.45%.

Analysts Set New Price Targets

A number of research analysts recently commented on EA shares. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Citigroup increased their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Research cut Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Argus downgraded 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 given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $206.50.

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.