Quantbot Technologies LP Purchases New Position in Electronic Arts Inc. $EA

Quantbot Technologies LP acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 69,871 shares of the game software company’s stock, valued at approximately $14,326,000. Electronic Arts accounts for 0.6% of Quantbot Technologies LP’s portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Ascentis Independent Advisors purchased a new stake in shares of Electronic Arts during the 1st quarter valued at about $27,000. Torren Management LLC raised its stake in shares of Electronic Arts by 235.0% during the second 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. acquired a new position in shares of Electronic Arts during the fourth quarter worth $28,000. Meeder Asset Management Inc. purchased a new position in shares of Electronic Arts in the second quarter valued at $31,000. Finally, Asset Planning Inc purchased a new position in shares of Electronic Arts in the first quarter valued at $32,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EA shares. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Citigroup lifted 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. Finally, Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $206.50.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at approximately $16,447,438.88. The trade was a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the sale, the insider directly owned 26,360 shares of the company’s stock, valued at approximately $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. In the last three months, insiders sold 8,700 shares of company stock valued at $1,766,950. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $209.70 on Friday. The business’s fifty day moving average price is $207.27 and its 200 day moving average price is $203.56. 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 PE ratio of 49.23 and a beta of 0.64. 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 (NASDAQ:EA) last released its earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share 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 during the quarter.

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.