BTG Pactual Asset Management US LLC Trims Stake in Electronic Arts Inc. $EA

BTG Pactual Asset Management US LLC reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 34.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the game software company’s stock after selling 8,000 shares during the quarter. BTG Pactual Asset Management US LLC’s holdings in Electronic Arts were worth $3,076,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of Electronic Arts during the 2nd quarter valued at about $2,235,000. GTS Securities LLC lifted its position in Electronic Arts by 27.3% during the second quarter. GTS Securities LLC now owns 2,609 shares of the game software company’s stock valued at $535,000 after purchasing an additional 559 shares during the last quarter. Harvest Management LLC lifted its position in Electronic Arts by 8.5% during the second quarter. Harvest Management LLC now owns 199,500 shares of the game software company’s stock valued at $40,905,000 after purchasing an additional 15,600 shares during the last quarter. Wedbush Securities Inc. grew its stake in Electronic Arts by 89.4% in the 2nd quarter. Wedbush Securities Inc. now owns 2,231 shares of the game software company’s stock worth $457,000 after buying an additional 1,053 shares in the last quarter. Finally, Greenleaf Trust grew its stake in Electronic Arts by 2.0% in the 2nd quarter. Greenleaf Trust now owns 5,986 shares of the game software company’s stock worth $1,227,000 after buying an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the sale, the chief executive officer owned 80,974 shares in the company, valued at approximately $16,447,438.88. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 that occurred on Monday, June 15th. The shares were 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 approximately $5,351,080. This trade represents a 4.35% decrease in their position. 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. Over the last 90 days, insiders sold 8,700 shares of company stock worth $1,766,950. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $209.70 on Monday. The stock has a market capitalization of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. The stock’s 50-day moving average price is $207.97 and its 200-day moving average price is $203.92. 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.

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

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.