Meeder Advisory Services Inc. Takes $1.62 Million Position in Electronic Arts Inc. $EA

Meeder Advisory Services Inc. bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,888 shares of the game software company’s stock, valued at approximately $1,617,000.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Electronic Arts during the second quarter valued at approximately $5,125,838,000. Pentwater Capital Management LP raised its position in Electronic Arts by 128.1% in the 4th quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock worth $2,237,414,000 after buying an additional 6,150,000 shares during the last quarter. Norges Bank bought a new stake in Electronic Arts in the 4th quarter worth approximately $643,674,000. HBK Investments L P purchased a new stake in Electronic Arts during the fourth quarter valued at $390,267,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Electronic Arts during the 2nd quarter valued at about $269,846,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Electronic Arts

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 value of $1,015,600.00. Following the completion of the sale, the chief executive officer directly owned 80,974 shares in the company, valued at approximately $16,447,438.88. This trade represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the transaction, the insider owned 26,360 shares in the company, valued at approximately $5,351,080. This trade 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 sold 8,700 shares of company stock valued at $1,766,950 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $209.70 on Thursday. The stock has a market cap of $52.93 billion, a price-to-earnings 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. 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 firm’s 50-day moving average is $207.00 and its two-hundred day moving average is $203.47.

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

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.