P Schoenfeld Asset Management LP Invests $11.19 Billion in Electronic Arts Inc. $EA

P Schoenfeld Asset Management LP acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 54,580 shares of the game software company’s stock, valued at approximately $11,191,083,000. Electronic Arts makes up approximately 4.6% of P Schoenfeld Asset Management LP’s investment portfolio, making the stock its 6th largest holding.

Other institutional investors have also modified their holdings of the company. Resona Asset Management Co. Ltd. boosted its position in Electronic Arts by 12.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 108,908 shares of the game software company’s stock worth $22,185,000 after purchasing an additional 12,095 shares during the period. Swiss National Bank lifted its stake in shares of Electronic Arts by 8.0% during the first quarter. Swiss National Bank now owns 704,400 shares of the game software company’s stock worth $143,606,000 after purchasing an additional 51,900 shares in the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of Electronic Arts in the fourth quarter worth about $2,043,000. Generali Asset Management SPA SGR grew its stake in shares of Electronic Arts by 76.3% in the fourth quarter. Generali Asset Management SPA SGR now owns 29,530 shares of the game software company’s stock valued at $6,034,000 after buying an additional 12,777 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Electronic Arts during the 4th quarter valued at about $643,674,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, 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 transaction, the chief executive officer directly owned 80,974 shares in the company, valued at $16,447,438.88. This represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 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 transaction of $507,750.00. Following the completion of the sale, the insider directly owned 73,513 shares of the company’s stock, valued at $14,930,490.30. The trade was a 3.29% 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 in the last ninety days. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EA. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research 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. Citigroup raised 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 downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. 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 investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Reduce” and a consensus price target of $206.50.

Electronic Arts Price Performance

EA stock opened at $209.70 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. Electronic Arts Inc. has a 52-week low of $159.10 and a 52-week high of $210.20. The stock’s 50 day moving average is $207.27 and its two-hundred day moving average is $203.56. The company has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64.

Electronic Arts (NASDAQ:EA) last released its earnings results on Monday, August 3rd. The game software company reported $1.58 EPS for the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.The company had revenue of $1.99 billion during the quarter.

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.