Edmond DE Rothschild Holding S.A. Acquires New Holdings in Electronic Arts Inc. $EA

Edmond DE Rothschild Holding S.A. bought a new stake in Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,550 shares of the game software company’s stock, valued at approximately $523,000.

Several other large investors also recently added to or reduced their stakes in EA. Resona Asset Management Co. Ltd. increased its holdings in shares of Electronic Arts by 12.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 108,908 shares of the game software company’s stock valued at $22,185,000 after acquiring an additional 12,095 shares during the last quarter. Swiss National Bank increased its position in Electronic Arts by 8.0% during the first quarter. Swiss National Bank now owns 704,400 shares of the game software company’s stock worth $143,606,000 after acquiring an additional 51,900 shares during the period. Mizuho Markets Americas LLC bought a new stake in Electronic Arts in the 4th quarter valued at $2,043,000. Generali Asset Management SPA SGR grew its position 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 last quarter. Finally, Norges Bank acquired a new stake in Electronic Arts in the 4th quarter worth $643,674,000. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.00, for a total value of $243,600.00. Following the sale, the insider owned 26,360 shares in the company, valued at approximately $5,351,080. The trade was a 4.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.12, for a total transaction 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 approximately $16,447,438.88. The trade was 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 three months, insiders sold 8,700 shares of company stock valued at $1,766,950. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

Shares of EA opened at $209.70 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $207.14 and a two-hundred day moving average price of $203.52. The stock has a market cap 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.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share (EPS) for the quarter. The business had revenue of $1.99 billion during the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.

Analyst Ratings Changes

Several research firms recently weighed in on EA. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup raised their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One 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.com, Electronic Arts presently has an average rating of “Reduce” and an average price target 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.