44,270 Shares in Electronic Arts Inc. $EA Purchased by Kintayl Capital LP

Kintayl Capital LP purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 44,270 shares of the game software company’s stock, valued at approximately $9,077,000. Electronic Arts accounts for 3.6% of Kintayl Capital LP’s investment portfolio, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of EA. ADAR1 Capital Management LLC purchased a new stake in Electronic Arts in the 2nd quarter worth approximately $1,012,000. Hsbc Holdings PLC bought a new position in shares of Electronic Arts during the second quarter valued at approximately $370,945,000. Palisade Capital Management LP purchased a new stake in Electronic Arts in the second quarter worth $800,000. Canada Pension Plan Investment Board purchased a new stake in Electronic Arts in the second quarter worth $184,538,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Electronic Arts in the second quarter valued at $38,050,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

NASDAQ:EA opened at $209.70 on Wednesday. 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 firm has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $210.20. The firm has a 50-day simple moving average of $207.53 and a two-hundred day simple moving average of $203.71.

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 net margin of 13.80% and a return on equity of 22.45%. The firm had revenue of $1.99 billion for the quarter.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the completion of the sale, the insider directly owned 26,360 shares in the company, valued at approximately $5,351,080. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 business’s 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 transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at approximately $16,447,438.88. This trade represents a 5.82% 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. Insiders sold a total of 8,700 shares of company stock worth $1,766,950 in the last three months. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen upgraded 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 report 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 note on Thursday, May 7th. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Argus lowered shares of 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 assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price 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.