Flossbach Von Storch SE Takes $893,000 Position in Electronic Arts Inc. $EA

Flossbach Von Storch SE acquired a new position in Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, Holdings Channel reports. The firm acquired 4,425 shares of the game software company’s stock, valued at approximately $893,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EA. Vanguard Personalized Indexing Management LLC grew its holdings in Electronic Arts by 34.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after buying an additional 10,453 shares in the last quarter. Vest Financial LLC boosted its position in shares of Electronic Arts by 5.7% during the second quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock worth $44,408,000 after acquiring an additional 15,032 shares during the last quarter. Alta Advisers Ltd purchased a new position in Electronic Arts during the second quarter valued at $205,000. NatWest Group plc purchased a new position in Electronic Arts during the third quarter valued at $10,414,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Electronic Arts in the 2nd quarter valued at $287,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Argus set a $210.00 price target on Electronic Arts in a research note on Thursday, October 30th. Roth Mkm downgraded Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $185.00 to $210.00 in a research note on Thursday, October 2nd. Morgan Stanley increased their target price on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Finally, Citigroup raised their target price on shares of Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average target price of $187.19.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $1,020,550.00. Following the sale, the chief executive officer owned 43,858 shares of the company’s stock, valued at approximately $8,951,856.38. This represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeff Huber sold 79,381 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $201.17, for a total transaction of $15,969,075.77. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 123,769 shares of company stock valued at $24,943,734. Insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

NASDAQ:EA opened at $203.94 on Thursday. The firm has a market capitalization of $51.01 billion, a price-to-earnings ratio of 59.63, a PEG ratio of 2.46 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day simple moving average of $203.71 and a 200-day simple moving average of $188.42. Electronic Arts Inc. has a 1 year low of $115.30 and a 1 year high of $204.88.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The business’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 EPS. Equities analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

About Electronic Arts

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.