Moore Capital Management LP Has $1.02 Million Stake in Electronic Arts Inc. $EA

Moore Capital Management LP lowered its holdings in Electronic Arts Inc. (NASDAQ:EA) by 80.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the game software company’s stock after selling 20,000 shares during the period. Moore Capital Management LP’s holdings in Electronic Arts were worth $1,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EA. GTS Securities LLC raised its position in shares of Electronic Arts by 27.3% in the second quarter. GTS Securities LLC now owns 2,609 shares of the game software company’s stock valued at $535,000 after buying an additional 559 shares in the last quarter. Harvest Management LLC grew its position in Electronic Arts by 8.5% during the second quarter. Harvest Management LLC now owns 199,500 shares of the game software company’s stock worth $40,905,000 after buying an additional 15,600 shares in the last quarter. Wedbush Securities Inc. grew its position in Electronic Arts by 89.4% during the second quarter. Wedbush Securities Inc. now owns 2,231 shares of the game software company’s stock worth $457,000 after buying an additional 1,053 shares in the last quarter. Greenleaf Trust increased its stake in Electronic Arts by 2.0% during the 2nd quarter. Greenleaf Trust now owns 5,986 shares of the game software company’s stock worth $1,227,000 after acquiring an additional 119 shares during the period. Finally, New Mexico Educational Retirement Board increased its stake in Electronic Arts by 8.8% during the 2nd quarter. New Mexico Educational Retirement Board now owns 11,163 shares of the game software company’s stock worth $2,289,000 after acquiring an additional 900 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the transaction, the insider owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Electronic Arts stock in a transaction on 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 in the company, valued at approximately $16,447,438.88. This trade represents a 5.82% 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 ninety days, insiders sold 8,700 shares of company stock worth $1,766,950. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Electronic Arts Price Performance

Shares of EA opened at $209.70 on Tuesday. 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 Inc. has a 52 week low of $159.10 and a 52 week high of $210.20. The stock has a market capitalization of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The stock has a fifty day moving average of $208.10 and a 200-day moving average of $203.97.

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

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.