Vazirani Asset Management LLC Acquires Shares of 5,000 Electronic Arts Inc. $EA

Vazirani Asset Management LLC purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,000 shares of the game software company’s stock, valued at approximately $1,025,200. Electronic Arts comprises about 0.0% of Vazirani Asset Management LLC’s investment portfolio, making the stock its 8th largest holding.

Other large investors also recently bought and sold shares of the company. Caisse de depot et placement du Quebec acquired a new position in shares of Electronic Arts in the second quarter worth $16,571,000. Polar Asset Management Partners Inc. bought a new position in Electronic Arts during the 2nd quarter worth $42,790,000. Jupiter Topco LLC acquired a new position in Electronic Arts in the second quarter worth approximately $22,729,000. Kintayl Capital LP acquired a new stake in Electronic Arts in the second quarter valued at approximately $9,077,000. Finally, ADAR1 Capital Management LLC bought a new position in Electronic Arts during the second quarter valued at about $1,012,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the sale, the insider owned 26,360 shares in the company, valued at $5,351,080. This trade represents a 4.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 firm’s 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 completion of the transaction, the chief executive officer 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 8,700 shares of company stock valued at $1,766,950. 0.24% of the stock is owned by company insiders.

Electronic Arts Stock Performance

EA stock remained flat at $209.70 during midday trading on Friday. The company’s stock had a trading volume of 48,626,734 shares, compared to its average volume of 5,040,276. Electronic Arts Inc. has a 52-week low of $159.10 and a 52-week high of $210.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.21. The company has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. The stock’s 50 day moving average is $207.82 and its two-hundred day moving average is $203.86.

Electronic Arts (NASDAQ:EA) last issued its quarterly 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 firm had revenue of $1.99 billion for the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EA shares. Wall Street Zen upgraded 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 note on Thursday, May 28th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research lowered shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Citigroup lifted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $206.50.

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.