Vise Technologies Inc. Acquires Shares of 19,328 Electronic Arts Inc. $EA

Vise Technologies Inc. bought a new position in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, HoldingsChannel.com reports. The fund bought 19,328 shares of the game software company’s stock, valued at approximately $3,963,000.

Several other institutional investors and hedge funds have also made changes to their positions in EA. Ascentis Independent Advisors purchased a new stake in shares of Electronic Arts during the first quarter valued at $27,000. Torren Management LLC increased its stake in Electronic Arts by 235.0% in the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after buying an additional 94 shares during the period. MV Capital Management Inc. bought a new stake in Electronic Arts during the 4th quarter valued at about $28,000. Meeder Asset Management Inc. bought a new stake in Electronic Arts during the 2nd quarter valued at about $31,000. Finally, Asset Planning Inc purchased a new stake in Electronic Arts in the 1st quarter valued at about $32,000. 90.23% of the stock is currently owned by institutional investors.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’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 owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This trade represents a 5.82% decrease in their ownership of the stock. The sale 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, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The shares were 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 in the company, valued at $14,930,490.30. This trade represents a 3.29% decrease in their position. 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 three months, insiders sold 8,700 shares of company stock valued at $1,766,950. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Electronic Arts Stock Performance

Shares of EA stock opened at $209.70 on Friday. The firm 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 52-week low of $159.10 and a 52-week high of $210.20. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $207.14 and its 200 day moving average is $203.52.

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