Mint Tower Capital Management B.V. Makes New Investment in Electronic Arts Inc. $EA

Mint Tower Capital Management B.V. acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 5,000 shares of the game software company’s stock, valued at approximately $1,025,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EA. BlackRock Inc. acquired a new position in shares of Electronic Arts during the second quarter valued at $5,125,838,000. Public Investment Fund acquired a new stake in Electronic Arts in the second quarter worth about $5,086,618,377. Pentwater Capital Management LP bought a new stake in Electronic Arts during the 2nd quarter worth about $2,762,914,000. Norges Bank bought a new stake in Electronic Arts during the 4th quarter worth about $643,674,000. Finally, HBK Investments L P acquired a new position in Electronic Arts during the 4th quarter valued at about $390,267,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer 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 sale 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 Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the transaction, the insider owned 26,360 shares in the company, valued at approximately $5,351,080. This represents a 4.35% decrease in their ownership of the stock. 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. Insiders have sold a total of 8,700 shares of company stock valued at $1,766,950 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Electronic Arts stock opened at $209.70 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. The business has a 50-day moving average of $207.97 and a 200-day moving average of $203.90. Electronic Arts Inc. has a 1 year low of $159.10 and a 1 year 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 business 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%.

Analyst Upgrades and Downgrades

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

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.