Pentwater Capital Management LP Purchases Shares of 13,475,000 Electronic Arts Inc. $EA

Pentwater Capital Management LP acquired a new position in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,475,000 shares of the game software company’s stock, valued at approximately $2,762,914,000. Electronic Arts comprises about 16.9% of Pentwater Capital Management LP’s holdings, making the stock its largest holding. Pentwater Capital Management LP owned approximately 5.34% of Electronic Arts as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EA. Resona Asset Management Co. Ltd. raised its position in shares of Electronic Arts by 12.5% in the first quarter. Resona Asset Management Co. Ltd. now owns 108,908 shares of the game software company’s stock worth $22,185,000 after acquiring an additional 12,095 shares during the period. Swiss National Bank increased its stake in shares of Electronic Arts by 8.0% in the 1st quarter. Swiss National Bank now owns 704,400 shares of the game software company’s stock valued at $143,606,000 after purchasing an additional 51,900 shares in the last quarter. Mizuho Markets Americas LLC acquired a new position in Electronic Arts in the 4th quarter worth about $2,043,000. Generali Asset Management SPA SGR raised its holdings in Electronic Arts by 76.3% in the 4th quarter. Generali Asset Management SPA SGR now owns 29,530 shares of the game software company’s stock worth $6,034,000 after purchasing an additional 12,777 shares during the period. Finally, Norges Bank acquired a new stake in Electronic Arts in the fourth quarter valued at approximately $643,674,000. Institutional investors 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 business’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 sale, the insider directly owned 73,513 shares of the company’s stock, valued at $14,930,490.30. The trade was a 3.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 sale, the chief executive officer owned 80,974 shares of the company’s stock, valued at $16,447,438.88. The trade was a 5.82% decrease in their position. The SEC filing for this sale provides additional information. 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 in the last 90 days. 0.24% of the stock is owned by company insiders.

Electronic Arts Price Performance

EA stock opened at $209.70 on Thursday. 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 stock has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a one year low of $159.10 and a one year high of $210.20. The company has a fifty day moving average of $207.67 and a 200-day moving average of $203.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Monday, August 3rd. The game software company reported $1.58 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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EA shares. Argus cut 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 note on Saturday, June 6th. Weiss Ratings raised shares of 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 research note on Monday, July 13th. Finally, Citigroup upped their price target on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $206.50.

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.