Caisse de depot et placement du Quebec Takes $16.57 Million Position in Electronic Arts Inc. $EA

Caisse de depot et placement du Quebec bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,819 shares of the game software company’s stock, valued at approximately $16,571,000.

Other large investors have also bought and sold shares of the company. Polar Asset Management Partners Inc. purchased a new stake in Electronic Arts during the 2nd quarter valued at $42,790,000. Jupiter Topco LLC purchased a new stake in shares of Electronic Arts during the second quarter worth about $22,729,000. Kintayl Capital LP bought a new stake in shares of Electronic Arts in the second quarter worth about $9,077,000. ADAR1 Capital Management LLC purchased a new stake in Electronic Arts in the 2nd quarter worth approximately $1,012,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $370,945,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of recent analyst reports. Citigroup upped their target price on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. 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, Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. 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, the stock currently has a consensus rating of “Reduce” and an average target price of $206.50.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total value of $243,600.00. Following the sale, the insider owned 26,360 shares in the company, valued at approximately $5,351,080. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,700 shares of company stock valued at $1,766,950 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

EA opened at $209.70 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The company has a market cap of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The stock has a fifty day simple moving average of $207.97 and a two-hundred day simple moving average of $203.90. Electronic Arts Inc. has a 12-month low of $159.10 and a 12-month high of $210.20.

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

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.