Electronic Arts Inc. $EA Shares Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 267.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,010 shares of the game software company’s stock after purchasing an additional 5,831 shares during the quarter. FNY Investment Advisers LLC’s holdings in Electronic Arts were worth $1,642,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Ascentis Independent Advisors acquired a new stake in shares of Electronic Arts in the first quarter worth approximately $27,000. MV Capital Management Inc. acquired a new position in Electronic Arts in the 4th quarter valued at $28,000. Asset Planning Inc purchased a new position in Electronic Arts in the 1st quarter valued at $32,000. Whipplewood Advisors LLC acquired a new stake in Electronic Arts during the 1st quarter worth $32,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Electronic Arts during the 4th quarter worth $44,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EA shares. 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. Citigroup boosted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Electronic Arts currently has an average rating of “Reduce” and an average price target of $202.27.

Insider Activity

In other Electronic Arts news, EVP Jacob J. Schatz sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the transaction, the executive vice president directly owned 42,287 shares of the company’s stock, valued at $8,507,721.53. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the transaction, the insider owned 73,513 shares in the company, valued at $14,930,490.30. The trade was a 3.29% 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. In the last 90 days, insiders have sold 31,206 shares of company stock worth $6,292,058. Insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $209.70 on Friday. Electronic Arts Inc. has a 52-week low of $159.10 and a 52-week high of $210.20. The business has a fifty day moving average of $205.73 and a two-hundred day moving average of $203.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.21.

Key Stories Impacting Electronic Arts

Here are the key news stories impacting Electronic Arts this week:

• Positive Sentiment: The acquisition has closed, removing deal-completion uncertainty and providing shareholders with a defined cash exit at $210 per share. The consortium’s large investment also signals confidence in EA’s franchises, including EA Sports FC and Battlefield. The $55 Billion Deal to Take Electronic Arts Private Is Finalized
• Neutral Sentiment: Because Electronic Arts is now privately held, its public-market valuation, earnings multiples and future stock-price catalysts will no longer apply once the transaction is fully reflected. Investors should focus instead on the cash consideration and settlement mechanics.
• Neutral Sentiment: EA appointed a new chief operating officer and chief studio officer after the transaction, suggesting the new owners are moving quickly to establish an operating structure and oversee the company’s game-development studios. EA appoints new COO and chief studio officer after closing $55 billion acquisition
• Negative Sentiment: Reports warn that cost-cutting and potential mass layoffs could follow the buyout. Such restructuring may reduce near-term expenses but could disrupt development, employee retention and the release pipeline for EA’s major franchises. EA Has Officially Been Sold, With Trump’s Son-In-Law Taking A Stake And Mass Layoffs Expected

Electronic Arts 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.