Landscape Capital Management L.L.C. Acquires New Holdings in Electronic Arts Inc. $EA

Landscape Capital Management L.L.C. bought a new stake in Electronic Arts Inc. (NASDAQ:EA) in the second quarter, Holdings Channel.com reports. The institutional investor bought 12,101 shares of the game software company’s stock, valued at approximately $2,481,000.

Several other large investors also recently added to or reduced their stakes in EA. Ascentis Independent Advisors acquired a new position in shares of Electronic Arts during the 1st quarter worth $27,000. Torren Management LLC lifted its stake in shares of Electronic Arts by 235.0% in the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. MV Capital Management Inc. acquired a new stake in shares of Electronic Arts in the 4th quarter valued at $28,000. Meeder Asset Management Inc. bought a new stake in Electronic Arts in the second quarter worth $31,000. Finally, Asset Planning Inc bought a new stake in Electronic Arts in the first quarter worth $32,000. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In other 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 transaction, the insider directly owned 26,360 shares in the company, valued at approximately $5,351,080. The trade was a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This 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. Insiders sold 8,700 shares of company stock worth $1,766,950 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EA. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Citigroup upped their price target on 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 lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $206.50.

Electronic Arts Price Performance

NASDAQ EA opened at $209.70 on Friday. 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 company has a fifty day simple moving average of $207.27 and a 200 day simple moving average of $203.56. The company 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 1 year low of $159.10 and a 1 year high of $210.20.

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

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.