Electronic Arts Inc. $EA Shares Sold by Maven Securities LTD

Maven Securities LTD reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,458 shares of the game software company’s stock after selling 3,500 shares during the quarter. Maven Securities LTD’s holdings in Electronic Arts were worth $3,989,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EA. Jones Financial Companies Lllp acquired a new position in Electronic Arts during the 2nd quarter valued at about $25,000. Ascentis Independent Advisors acquired a new stake in shares of Electronic Arts in the 1st quarter worth approximately $27,000. Torren Management LLC boosted its holdings in shares of Electronic Arts by 235.0% in the second quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after acquiring an additional 94 shares in the last quarter. MV Capital Management Inc. bought a new position in shares of Electronic Arts in the fourth quarter valued at approximately $28,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Electronic Arts in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $209.70 on Wednesday. The company has a 50-day moving average of $208.70 and a 200-day moving average of $204.35. The firm has a market cap of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. Electronic Arts Inc. has a twelve month low of $159.10 and a twelve month high of $210.20.

Electronic Arts (NASDAQ:EA) last released its earnings results 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 business had revenue of $1.99 billion for the quarter.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the transaction, the insider owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock in a transaction on Monday, June 15th. The shares were 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. This trade 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. Over the last 90 days, insiders have sold 8,700 shares of company stock worth $1,766,950. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EA. Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Zacks Research downgraded Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $206.50.

Electronic Arts Profile

Electronic Arts Inc is a global interactive entertainment company that develops, publishes and distributes video games and related services. Founded in 1982 and headquartered in Redwood City, California, the company creates games for consoles, personal computers and mobile devices, and offers digital experiences through online platforms and live services.

EA’s portfolio includes sports franchises such as EA Sports FC, Madden NFL and NHL, as well as entertainment and action titles including The Sims, Apex Legends, Battlefield, Need for Speed, Dragon Age and Mass Effect.