5,000 Shares in Electronic Arts Inc. $EA Purchased by Vazirani Asset Management LLC

Vazirani Asset Management LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 5,000 shares of the game software company’s stock, valued at approximately $1,025,200,000. Electronic Arts comprises about 5.0% of Vazirani Asset Management LLC’s portfolio, making the stock its 8th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Electronic Arts in the second quarter valued at about $25,000. Ascentis Independent Advisors purchased a new position in shares of Electronic Arts during the 1st quarter worth approximately $27,000. Torren Management LLC raised its position in shares of Electronic Arts by 235.0% during the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. MV Capital Management Inc. purchased a new stake in Electronic Arts in the 4th quarter valued at approximately $28,000. Finally, Meeder Asset Management Inc. purchased a new stake in Electronic Arts in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

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 value of $1,015,600.00. Following the completion of the sale, the chief executive officer owned 80,974 shares in the company, valued at $16,447,438.88. The trade was a 5.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 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 transaction, 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. 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. Over the last ninety days, insiders have sold 8,700 shares of company stock worth $1,766,950. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on EA. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Citigroup boosted 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. Finally, Zacks Research lowered shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $206.50.

Electronic Arts Stock Performance

Shares of EA opened at $209.70 on Thursday. Electronic Arts Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $210.20. The company has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. The stock has a fifty day moving average of $207.67 and a two-hundred day moving average of $203.79. 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 data on Monday, August 3rd. The game software company reported $1.58 earnings per share (EPS) for the quarter. The business 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%.

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.