MASTERINVEST Kapitalanlage GmbH Buys Shares of 16,463 Electronic Arts Inc. $EA

MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,463 shares of the game software company’s stock, valued at approximately $3,376,000.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Electronic Arts in the 2nd quarter valued at about $5,125,838,000. Public Investment Fund bought a new position in Electronic Arts during the 2nd quarter worth approximately $5,086,618,377,000. Pentwater Capital Management LP acquired a new position in Electronic Arts during the second quarter valued at approximately $2,762,914,000. Norges Bank acquired a new position in Electronic Arts during the fourth quarter valued at approximately $643,674,000. Finally, HBK Investments L P bought a new stake in Electronic Arts in the fourth quarter valued at approximately $390,267,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of EA stock opened at $209.70 on Friday. 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 company has a market capitalization of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. The company’s 50 day moving average price is $207.82 and its two-hundred day moving average price is $203.86. Electronic Arts Inc. has a 52 week low of $159.10 and a 52 week high of $210.20.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The stock was 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 owned 80,974 shares in the company, valued at approximately $16,447,438.88. This represents a 5.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Electronic Arts 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 completion of the sale, the insider directly owned 26,360 shares in the company, valued at $5,351,080. This represents a 4.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,700 shares of company stock worth $1,766,950 over the last ninety days. Company insiders own 0.24% of the company’s stock.

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.