Kintayl Capital LP Makes New Investment in Electronic Arts Inc. $EA

Kintayl Capital LP bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the second quarter, HoldingsChannel.com reports. The firm bought 44,270 shares of the game software company’s stock, valued at approximately $9,077,000. Electronic Arts makes up about 3.6% of Kintayl Capital LP’s holdings, making the stock its 5th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in shares of Electronic Arts in the second quarter worth $25,000. Ascentis Independent Advisors purchased a new stake in Electronic Arts during the first quarter valued at $27,000. Torren Management LLC lifted its holdings in Electronic Arts by 235.0% in the second quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after acquiring an additional 94 shares during the period. MV Capital Management Inc. bought a new position in Electronic Arts in the fourth quarter valued at about $28,000. Finally, Meeder Asset Management Inc. purchased a new position in Electronic Arts in the second quarter worth about $31,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

Electronic Arts stock opened at $209.70 on Wednesday. The stock has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. Electronic Arts Inc. has a 1 year low of $159.10 and a 1 year high of $210.20. The firm’s 50 day moving average price is $207.53 and its 200-day moving average price is $203.71.

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 firm had revenue of $1.99 billion during the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated 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 sale, the chief executive officer directly owned 80,974 shares of the company’s stock, 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 business’s 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 completion of the sale, the insider owned 26,360 shares in the company, valued at $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 sold 8,700 shares of company stock valued at $1,766,950 in the last 90 days. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Electronic Arts

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.