Deutsche Bank AG Buys Shares of 1,292,932 Electronic Arts Inc. $EA

Deutsche Bank AG bought a new position in Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,292,932 shares of the game software company’s stock, valued at approximately $265,103,000.

Other large investors have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its position in shares of Electronic Arts by 26.7% during the 1st quarter. Cornerstone Planning Group LLC now owns 242 shares of the game software company’s stock valued at $49,000 after purchasing an additional 51 shares during the last quarter. Optas LLC lifted its stake in shares of Electronic Arts by 4.2% in the 1st quarter. Optas LLC now owns 1,332 shares of the game software company’s stock worth $272,000 after purchasing an additional 54 shares during the period. Salomon & Ludwin LLC boosted its holdings in shares of Electronic Arts by 32.8% in the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after buying an additional 57 shares during the last quarter. Macroview Investment Management LLC grew its position in Electronic Arts by 6.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock valued at $218,000 after buying an additional 62 shares during the period. Finally, Candriam S.C.A. grew its position in Electronic Arts by 0.3% during the first quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock valued at $5,033,000 after buying an additional 65 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Insider Transactions at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the firm’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 sale, the insider directly 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 at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the transaction, the chief executive officer owned 80,974 shares in the company, valued at approximately $16,447,438.88. This trade represents 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 a total of 13,766 shares of company stock valued at $2,788,560 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on EA shares. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Citigroup raised their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One equities 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. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $206.50.

Electronic Arts Stock Performance

Electronic Arts stock opened at $209.70 on Wednesday. The firm has a 50 day moving average of $206.87 and a 200 day moving average of $203.43. The firm has a market capitalization of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a 12-month low of $159.10 and a 12-month high of $210.20. 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 (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 company had revenue of $1.99 billion for the quarter.

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.