Hsbc Holdings PLC Boosts Stock Holdings in Electronic Arts Inc. $EA

Hsbc Holdings PLC raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 170.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,807,224 shares of the game software company’s stock after purchasing an additional 1,138,788 shares during the period. Hsbc Holdings PLC owned 0.72% of Electronic Arts worth $370,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after purchasing an additional 294 shares during the last quarter. Empowered Funds LLC boosted its position in Electronic Arts by 167.0% during the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after purchasing an additional 12,076 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Electronic Arts in the second quarter valued at approximately $2,323,000. Finally, NewEdge Advisors LLC raised its position in shares of Electronic Arts by 96.4% in the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock valued at $490,000 after purchasing an additional 1,505 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the transaction, the insider directly owned 73,513 shares in the company, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total value of $243,600.00. Following 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. 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. Insiders have sold 8,700 shares of company stock worth $1,766,950 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EA shares. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Electronic Arts presently has an average rating of “Reduce” and an average price target of $206.50.

Electronic Arts Price Performance

EA stock opened at $209.70 on Monday. The firm has a 50 day simple moving average of $208.52 and a two-hundred day simple moving average of $204.22. The stock has a market cap of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a one year low of $159.10 and a one 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.

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

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.