Electronic Arts Inc. (NASDAQ:EA - Get Free Report) CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the sale, the chief executive officer now directly owns 23,430 shares in the company, valued at $2,980,061.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Andrew Wilson also recently made the following trade(s):
- On Monday, March 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $130.66, for a total transaction of $326,650.00.
- On Monday, February 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00.
Electronic Arts Stock Performance
Shares of EA stock opened at $127.90 on Friday. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The firm has a market capitalization of $34.19 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. The firm has a fifty day simple moving average of $133.38 and a two-hundred day simple moving average of $134.50. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25.
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Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. Electronic Arts's revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 EPS. Analysts forecast that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.
Institutional Investors Weigh In On Electronic Arts
Several institutional investors have recently bought and sold shares of EA. Cape Investment Advisory Inc. boosted its stake in shares of Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company's stock worth $27,000 after buying an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the 1st quarter worth about $27,000. Bray Capital Advisors raised its position in Electronic Arts by 100.0% in the third quarter. Bray Capital Advisors now owns 220 shares of the game software company's stock worth $26,000 after acquiring an additional 110 shares during the period. Larson Financial Group LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at approximately $30,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $31,000. Institutional investors own 90.23% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on EA. BMO Capital Markets initiated coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an "outperform" rating and a $160.00 price target on the stock. Wedbush restated an "outperform" rating and set a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. Stifel Nicolaus lifted their price target on Electronic Arts from $152.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. Oppenheimer reaffirmed an "outperform" rating and set a $150.00 price target on shares of Electronic Arts in a report on Tuesday. Finally, Benchmark reiterated a "buy" rating and issued a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $147.00.
Read Our Latest Research Report on Electronic Arts
About Electronic Arts
(
Get Free Report)
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.
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