Electronic Arts Inc. $EA Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 709,656 shares of the game software company’s stock after selling 25,587 shares during the period. Squarepoint Ops LLC owned approximately 0.28% of Electronic Arts worth $145,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nykredit A S acquired a new stake in Electronic Arts in the 2nd quarter valued at approximately $14,230,000. Amundi boosted its position in shares of Electronic Arts by 39.0% during the second quarter. Amundi now owns 1,934,012 shares of the game software company’s stock worth $396,550,000 after buying an additional 542,861 shares during the period. California State Teachers Retirement System boosted its position in shares of Electronic Arts by 19,439.0% during the second quarter. California State Teachers Retirement System now owns 74,736,875 shares of the game software company’s stock worth $15,324,049,000 after buying an additional 74,354,374 shares during the period. Wedmont Private Capital grew its stake in shares of Electronic Arts by 24.0% in the second quarter. Wedmont Private Capital now owns 3,671 shares of the game software company’s stock valued at $758,000 after buying an additional 711 shares in the last quarter. Finally, HB Wealth Management LLC grew its stake in shares of Electronic Arts by 1.9% in the second quarter. HB Wealth Management LLC now owns 7,134 shares of the game software company’s stock valued at $1,463,000 after buying an additional 134 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the transaction, the insider owned 73,513 shares in the company, valued at $14,930,490.30. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 80,974 shares in the company, valued at approximately $16,447,438.88. This 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. Over the last ninety days, insiders sold 8,700 shares of company stock valued at $1,766,950. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $209.70 on Wednesday. The stock has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. 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 Inc. has a 12-month low of $159.10 and a 12-month high of $210.20. The business’s fifty day simple moving average is $208.70 and its 200-day simple moving average is $204.35.

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 return on equity of 22.45% and a net margin of 13.80%.The firm had revenue of $1.99 billion during the quarter.

About Electronic Arts

Electronic Arts Inc is a global interactive entertainment company that develops, publishes and distributes video games and related services. Founded in 1982 and headquartered in Redwood City, California, the company creates games for consoles, personal computers and mobile devices, and offers digital experiences through online platforms and live services.

EA’s portfolio includes sports franchises such as EA Sports FC, Madden NFL and NHL, as well as entertainment and action titles including The Sims, Apex Legends, Battlefield, Need for Speed, Dragon Age and Mass Effect.