Hsbc Holdings PLC Acquires Shares of 1,807,224 Electronic Arts Inc. $EA

Hsbc Holdings PLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,807,224 shares of the game software company’s stock, valued at approximately $370,945,000. Hsbc Holdings PLC owned 0.72% of Electronic Arts as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of EA. Jones Financial Companies Lllp bought a new position in Electronic Arts in the 2nd quarter valued at about $25,000. Ascentis Independent Advisors bought a new stake in shares of Electronic Arts during the 1st quarter worth approximately $27,000. Torren Management LLC lifted its holdings in shares of Electronic Arts by 235.0% during the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after acquiring an additional 94 shares during the period. MV Capital Management Inc. acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $28,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Electronic Arts during the 2nd quarter worth approximately $31,000. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of several research analyst reports. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Finally, Citigroup raised their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $206.50.

Insider Transactions at Electronic Arts

In related news, 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 sale, the chief executive officer owned 80,974 shares in the company, valued at $16,447,438.88. This represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the sale, the insider directly owned 26,360 shares of the company’s stock, valued at $5,351,080. This represents a 4.35% 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. In the last ninety days, insiders sold 8,700 shares of company stock valued at $1,766,950. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $209.70 on Wednesday. Electronic Arts Inc. has a 52 week low of $159.10 and a 52 week high of $210.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.21. The firm’s fifty day moving average is $207.53 and its 200-day moving average is $203.71. The firm has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64.

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

Electronic Arts Company 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.