Western Standard LLC Acquires Shares of 87,900 Electronic Arts Inc. $EA

Western Standard LLC acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 87,900 shares of the game software company’s stock, valued at approximately $18,023,000. Electronic Arts makes up 6.1% of Western Standard LLC’s investment portfolio, making the stock its 7th largest holding.

Several other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in Electronic Arts by 26.7% during the first quarter. Cornerstone Planning Group LLC now owns 242 shares of the game software company’s stock valued at $49,000 after buying an additional 51 shares during the last quarter. Optas LLC increased its stake in 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 acquiring an additional 54 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Electronic Arts by 32.8% during the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after acquiring an additional 57 shares in the last quarter. Macroview Investment Management LLC raised its holdings in shares of Electronic Arts by 6.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock worth $218,000 after acquiring an additional 62 shares in the last quarter. Finally, Candriam S.C.A. boosted its position in shares of Electronic Arts by 0.3% during the 1st quarter. Candriam S.C.A. now owns 24,685 shares of the game software company’s stock valued at $5,033,000 after acquiring an additional 65 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Price Performance

NASDAQ:EA opened at $209.70 on Thursday. The firm has a market capitalization of $52.93 billion, a price-to-earnings 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. The business has a 50 day simple moving average of $207.00 and a 200-day simple moving average of $203.47. Electronic Arts Inc. has a 1 year low of $159.10 and a 1 year high of $210.20.

Electronic Arts (NASDAQ:EA) last released its earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share 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 for the quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EA. Zacks Research lowered 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 company a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $206.50.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the transaction, the insider owned 73,513 shares in the company, 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 legal filing with the SEC, which is available at 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 stock in a transaction 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 sale, the chief executive officer directly owned 80,974 shares in the company, valued at approximately $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. Insiders have sold 8,700 shares of company stock worth $1,766,950 over the last quarter. Insiders own 0.24% of the company’s stock.

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.