Groupe la Francaise Sells 16,250 Shares of Electronic Arts Inc. $EA

Groupe la Francaise lowered its position in Electronic Arts Inc. (NASDAQ:EA) by 24.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,146 shares of the game software company’s stock after selling 16,250 shares during the period. Groupe la Francaise’s holdings in Electronic Arts were worth $10,077,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its position in shares of Electronic Arts by 26.7% during the first quarter. Cornerstone Planning Group LLC now owns 242 shares of the game software company’s stock worth $49,000 after purchasing an additional 51 shares in the last quarter. Optas LLC boosted its position in shares of Electronic Arts by 4.2% in the 1st quarter. Optas LLC now owns 1,332 shares of the game software company’s stock worth $272,000 after purchasing an additional 54 shares in the last quarter. Macroview Investment Management LLC boosted its position in shares of Electronic Arts by 6.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock worth $218,000 after purchasing an additional 62 shares in the last quarter. Legacy Financial Advisors Inc. grew its stake in Electronic Arts by 3.4% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,877 shares of the game software company’s stock worth $385,000 after buying an additional 62 shares during the last quarter. Finally, Candriam S.C.A. raised its stake in Electronic Arts by 0.3% in the first quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock valued at $5,033,000 after buying an additional 65 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the completion of the transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at approximately $16,447,438.88. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Electronic Arts stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the sale, the insider owned 26,360 shares of the company’s stock, valued at approximately $5,351,080. The trade was a 4.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 8,700 shares of company stock worth $1,766,950. 0.24% of the stock is owned by company insiders.

Electronic Arts Price Performance

Shares of EA stock opened at $209.70 on Monday. The stock’s 50-day simple moving average is $208.52 and its 200-day simple moving average is $204.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.21. The firm has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $210.20.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data 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 firm had revenue of $1.99 billion during the quarter.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Zacks Research lowered shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. 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 issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $206.50.

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.