Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Vijayanthimala Singh sold 800 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the completion of the sale, the insider now owns 26,283 shares of the company's stock, valued at $3,328,479.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Vijayanthimala Singh also recently made the following trade(s):
- On Monday, April 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The shares were sold at an average price of $132.82, for a total value of $106,256.00.
- On Friday, March 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $139.08, for a total value of $111,264.00.
Electronic Arts Stock Performance
Shares of NASDAQ EA opened at $129.56 on Friday. The company has a market capitalization of $34.64 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The company's fifty day moving average price is $131.99 and its 200 day moving average price is $134.43. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53.
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Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the previous year, the company earned $2.29 earnings per share. The company's revenue was up 1.0% compared to the same quarter last year. On average, research analysts predict that Electronic Arts Inc. will post 5.34 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in EA. Bray Capital Advisors grew its stake in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company's stock valued at $26,000 after acquiring an additional 110 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company's stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Cape Investment Advisory Inc. grew its position in Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company's stock worth $27,000 after acquiring an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in Electronic Arts during the first quarter worth $27,000. Finally, Leith Wheeler Investment Counsel Ltd. raised its position in Electronic Arts by 269.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company's stock valued at $29,000 after purchasing an additional 154,989 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.
Wall Street Analyst Weigh In
EA has been the subject of several recent analyst reports. BMO Capital Markets began coverage on Electronic Arts in a report on Tuesday, January 9th. They issued an "outperform" rating and a $160.00 price target for the company. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 18th. Wedbush reaffirmed an "outperform" rating and issued a $162.00 price target on shares of Electronic Arts in a report on Thursday. UBS Group lowered their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a "neutral" rating for the company in a research note on Wednesday, March 27th. Finally, Benchmark reissued a "buy" rating and issued a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.72.
Read Our Latest Stock Analysis 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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