Headlands Technologies LLC Cuts Stock Position in Electronic Arts Inc. $EA

Headlands Technologies LLC decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 26.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,701 shares of the game software company’s stock after selling 13,126 shares during the period. Electronic Arts accounts for 0.8% of Headlands Technologies LLC’s holdings, making the stock its 19th biggest position. Headlands Technologies LLC’s holdings in Electronic Arts were worth $7,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC increased its position in shares of Electronic Arts by 26.7% during the first quarter. Cornerstone Planning Group LLC now owns 242 shares of the game software company’s stock worth $49,000 after purchasing an additional 51 shares in the last quarter. Optas LLC boosted its position in shares of Electronic Arts by 4.2% in the 1st quarter. Optas LLC now owns 1,332 shares of the game software company’s stock worth $272,000 after purchasing an additional 54 shares in the last quarter. Macroview Investment Management LLC grew its stake in Electronic Arts by 6.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock worth $218,000 after buying an additional 62 shares during the last quarter. Candriam S.C.A. increased its position in Electronic Arts by 0.3% during the 1st quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock valued at $5,033,000 after buying an additional 65 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Electronic Arts by 8.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 931 shares of the game software company’s stock valued at $190,000 after buying an additional 69 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Electronic Arts Price Performance

Shares of EA stock opened at $209.70 on Monday. The stock’s 50-day simple moving average is $207.97 and its 200-day simple moving average is $203.92. 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 has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $210.20.

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

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s 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 transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at approximately $16,447,438.88. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $507,750.00. Following the sale, the insider owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. The trade was a 3.29% decrease in their ownership of the stock. 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. 0.24% of the stock is owned by insiders.

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.