2,402 Shares in Electronic Arts Inc. $EA Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. bought a new position in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,402 shares of the game software company’s stock, valued at approximately $493,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. DLD Asset Management LP bought a new position in shares of Electronic Arts during the second quarter valued at approximately $1,007,000. Bank of Nova Scotia bought a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $28,177,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $271,000. Daiichi Life Insurance Co. Ltd. acquired a new position in Electronic Arts during the 2nd quarter valued at approximately $8,158,000. Finally, Commerce Bank acquired a new position in Electronic Arts during the 2nd quarter valued at approximately $1,786,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the transaction, the insider directly owned 73,513 shares in the company, valued at $14,930,490.30. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 the business’s stock in a transaction that occurred on Monday, June 15th. The stock was 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 in the company, valued at approximately $5,351,080. The trade was 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. Insiders sold 8,700 shares of company stock worth $1,766,950 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EA shares. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Citigroup upped 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. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Finally, Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $206.50.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $209.70 on Wednesday. The business’s fifty day moving average price is $207.53 and its two-hundred day moving average price is $203.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. The company has a market capitalization of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. 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 (EPS) 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 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.