Royal London Asset Management Ltd. Has $24.25 Million Position in Electronic Arts Inc. $EA

Royal London Asset Management Ltd. cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,250 shares of the game software company’s stock after selling 3,473 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Electronic Arts were worth $24,246,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in Electronic Arts in the 2nd quarter valued at about $25,000. Ascentis Independent Advisors acquired a new stake in Electronic Arts during the first quarter worth approximately $27,000. Torren Management LLC lifted its position in Electronic Arts by 235.0% during the second quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after acquiring an additional 94 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of Electronic Arts during the fourth quarter worth approximately $28,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Electronic Arts in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the transaction, the insider owned 73,513 shares of the company’s stock, valued at $14,930,490.30. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated 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 directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This represents a 5.82% 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. Over the last quarter, insiders have sold 8,700 shares of company stock worth $1,766,950. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $209.70 on Monday. 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. 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 business’s 50 day simple moving average is $207.97 and its 200 day simple moving average is $203.92.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data 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 return on equity of 22.45% and a net margin of 13.80%.

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.