Susquehanna Fundamental Investments LLC Invests $2.23 Million in Electronic Arts Inc. $EA

Susquehanna Fundamental Investments LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,900 shares of the game software company’s stock, valued at approximately $2,235,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its stake in shares of Electronic Arts by 26.7% during the first quarter. Cornerstone Planning Group LLC now owns 242 shares of the game software company’s stock valued at $49,000 after acquiring an additional 51 shares in the last quarter. Optas LLC lifted its stake in shares of Electronic Arts by 4.2% in the first quarter. Optas LLC now owns 1,332 shares of the game software company’s stock worth $272,000 after acquiring an additional 54 shares in the last quarter. Macroview Investment Management LLC boosted its holdings in Electronic Arts by 6.2% in the fourth quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock valued at $218,000 after purchasing an additional 62 shares during the last quarter. Candriam S.C.A. boosted its holdings in Electronic Arts by 0.3% in the first quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock valued at $5,033,000 after purchasing an additional 65 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Electronic Arts by 8.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 931 shares of the game software company’s stock valued at $190,000 after purchasing an additional 69 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Price 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 current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. 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 company has a 50-day moving average price of $208.23 and a two-hundred day moving average price of $204.02.

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

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated 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 transaction, the chief executive officer owned 80,974 shares of the company’s stock, valued at $16,447,438.88. The trade was a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 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 transaction of $243,600.00. Following the completion of the transaction, the insider owned 26,360 shares in the company, valued at approximately $5,351,080. This represents a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

Analyst Upgrades and Downgrades

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

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.