Electronic Arts Inc. $EA Holdings Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 29.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,645 shares of the game software company’s stock after acquiring an additional 2,675 shares during the period. GAMMA Investing LLC’s holdings in Electronic Arts were worth $2,388,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its stake in 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 purchasing an additional 51 shares during the last quarter. Optas LLC lifted its position in shares of Electronic Arts by 4.2% in the 1st quarter. Optas LLC now owns 1,332 shares of the game software company’s stock worth $272,000 after buying an additional 54 shares during the last quarter. Salomon & Ludwin LLC lifted its position in shares of Electronic Arts by 32.8% in the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after buying an additional 57 shares during the last quarter. Macroview Investment Management LLC boosted its holdings in shares of Electronic Arts by 6.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock valued at $218,000 after buying an additional 62 shares during the period. Finally, Candriam S.C.A. boosted its holdings in shares of Electronic Arts by 0.3% in the 1st quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock valued at $5,033,000 after buying an additional 65 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EA shares. Citigroup increased their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a report 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. Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Finally, Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $202.27.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $209.70 on Thursday. 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 50 day simple moving average of $205.56 and a 200-day simple moving average of $203.08. The company has a market cap of $52.93 billion, a PE ratio of 49.23, a P/E/G ratio of 2.35 and a beta of 0.64. Electronic Arts Inc. has a 12-month low of $159.10 and a 12-month high of $210.20.

Key Stories Impacting Electronic Arts

Here are the key news stories impacting Electronic Arts this week:

• Positive Sentiment: The completed transaction provides investors with a definitive cash exit at $210 per share, removing the uncertainty associated with the previously announced buyout. The deal also marks a premium-oriented valuation of the video-game publisher at roughly $55 billion. Saudi wealth fund and Jared Kushner finalize EA deal
• Positive Sentiment: EA’s latest reported quarter was stronger than expected, with earnings per share of $1.58 versus the $0.78 consensus estimate and revenue of $1.99 billion versus expectations of $1.46 billion. While the company is no longer publicly traded, the results indicate solid underlying operating performance at the time of the sale.
• Neutral Sentiment: EA is now privately owned, ending its public-market listing and eliminating the opportunity for ordinary investors to participate in future share-price gains or losses unless the company is later relisted. Jared Kushner’s Affinity Partners is among the consortium members. Video game maker EA bought by Saudi-led group
• Negative Sentiment: Reports suggest the new owners could pursue substantial cost reductions, including possible mass layoffs. These reports are not confirmed company guidance, but they raise questions about employee retention, development capacity and the effect on future game releases. EA Has Officially Been Sold

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction 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 sale, the insider owned 26,360 shares of the company’s stock, valued at $5,351,080. The trade was a 4.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jacob J. Schatz sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total value of $1,005,950.00. Following the transaction, the executive vice president owned 42,287 shares of the company’s stock, valued at $8,507,721.53. This trade represents a 10.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 31,206 shares of company stock worth $6,292,058 over the last quarter. Insiders own 0.24% of the company’s stock.

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.