PSquared Asset Management AG Takes $30.90 Million Position in Electronic Arts Inc. $EA

PSquared Asset Management AG bought a new position in Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 150,684 shares of the game software company’s stock, valued at approximately $30,896,000. Electronic Arts accounts for 10.1% of PSquared Asset Management AG’s investment portfolio, making the stock its 4th biggest holding. PSquared Asset Management AG owned approximately 0.06% of Electronic Arts at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EA. Jones Financial Companies Lllp bought a new position in shares of Electronic Arts during the 2nd quarter worth about $25,000. Ascentis Independent Advisors bought a new stake in Electronic Arts in the first quarter valued at about $27,000. Torren Management LLC raised its position in Electronic Arts by 235.0% in the second quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after purchasing an additional 94 shares in the last quarter. MV Capital Management Inc. bought a new position in Electronic Arts during the fourth quarter worth about $28,000. Finally, Meeder Asset Management Inc. bought a new position in Electronic Arts during the second quarter worth about $31,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EA shares. Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Citigroup boosted 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. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. One investment 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, Electronic Arts presently has a consensus rating of “Reduce” and an average price target of $206.50.

Insider Buying and Selling

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the sale, the insider directly owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. The trade was a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated 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 owned 80,974 shares in the company, valued at approximately $16,447,438.88. The trade was a 5.82% decrease in their ownership of the stock. 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 sold a total of 8,700 shares of company stock worth $1,766,950 over the last three months. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Stock Performance

Shares of Electronic Arts stock 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 has a 50 day simple moving average of $207.82 and a 200 day simple moving average of $203.86. Electronic Arts Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $210.20. The firm has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64.

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

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.