Corient Private Wealth LP Invests $19.76 Million in Electronic Arts Inc. $EA

Corient Private Wealth LP purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 96,395 shares of the game software company’s stock, valued at approximately $19,764,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Resona Asset Management Co. Ltd. grew its stake 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 grew its position in Electronic Arts by 8.0% in the 1st quarter. Swiss National Bank now owns 704,400 shares of the game software company’s stock worth $143,606,000 after purchasing an additional 51,900 shares during the period. Mizuho Markets Americas LLC bought a new stake in Electronic Arts in the 4th quarter worth approximately $2,043,000. Generali Asset Management SPA SGR raised its stake in Electronic Arts by 76.3% during the 4th quarter. Generali Asset Management SPA SGR now owns 29,530 shares of the game software company’s stock valued at $6,034,000 after buying an additional 12,777 shares during the last quarter. Finally, Norges Bank purchased a new stake in Electronic Arts during the 4th quarter valued at $643,674,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the transaction, the insider owned 26,360 shares in the company, valued at $5,351,080. This trade represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 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 completion of the sale, the chief executive officer directly owned 80,974 shares in the company, valued at $16,447,438.88. This trade represents a 5.82% decrease in their ownership of the stock. 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 valued at $1,766,950 in the last 90 days. Insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

EA stock opened at $209.70 on Friday. Electronic Arts Inc. has a 1-year low of $159.10 and a 1-year 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 business has a 50 day simple moving average of $207.97 and a two-hundred day simple moving average of $203.90.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup raised 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. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $206.50.

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.