Electronic Arts Inc. $EA Shares Acquired by Czech National Bank

Czech National Bank increased its position in Electronic Arts Inc. (NASDAQ:EA) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,109 shares of the game software company’s stock after buying an additional 2,769 shares during the quarter. Czech National Bank’s holdings in Electronic Arts were worth $13,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Electronic Arts by 29.8% during the second quarter. GAMMA Investing LLC now owns 11,645 shares of the game software company’s stock valued at $2,388,000 after acquiring an additional 2,675 shares during the period. Versant Capital Management Inc increased its stake in Electronic Arts by 7.5% during the second quarter. Versant Capital Management Inc now owns 3,377 shares of the game software company’s stock worth $692,000 after acquiring an additional 235 shares during the last quarter. Sapient Capital LLC raised its holdings in shares of Electronic Arts by 75.4% in the 1st quarter. Sapient Capital LLC now owns 1,942 shares of the game software company’s stock worth $396,000 after purchasing an additional 835 shares during the period. Empowered Funds LLC raised its holdings in shares of Electronic Arts by 150.9% in the 1st quarter. Empowered Funds LLC now owns 39,060 shares of the game software company’s stock worth $7,963,000 after purchasing an additional 23,495 shares during the period. Finally, Carmignac Gestion lifted its stake in shares of Electronic Arts by 70.3% in the 1st quarter. Carmignac Gestion now owns 48,934 shares of the game software company’s stock valued at $9,976,000 after purchasing an additional 20,194 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $209.70 on Friday. Electronic Arts Inc. has a 12-month low of $159.10 and a 12-month high of $210.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. The company has a market capitalization of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The firm’s fifty day moving average price is $205.89 and its 200 day moving average price is $203.17.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Citigroup raised their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. 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, 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. One research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $202.27.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the sale, the insider owned 73,513 shares in the company, valued at $14,930,490.30. This trade represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the sale, the chief financial officer owned 25,991 shares in the company, valued at $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 31,206 shares of company stock valued at $6,292,058. 0.24% of the stock is currently owned by insiders.

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.