Electronic Arts Inc. (NASDAQ:EA) CEO Sells $317,975.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $127.19, for a total transaction of $317,975.00. Following the completion of the transaction, the chief executive officer now owns 23,430 shares in the company, valued at $2,980,061.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were 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 value of $355,975.00.

Electronic Arts Trading Up 0.5 %

NASDAQ EA traded up $0.59 during trading on Friday, reaching $127.90. 1,220,587 shares of the stock traded hands, compared to its average volume of 1,997,236. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a market cap of $34.19 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 1.78 and a beta of 0.76. The stock’s 50-day moving average price is $133.38 and its 200 day moving average price is $134.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly 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). The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. Electronic Arts’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $2.29 EPS. Analysts predict that Electronic Arts Inc. will post 5.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EA shares. UBS Group reduced their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. 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 note on Thursday, January 18th. Benchmark reiterated a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Oppenheimer restated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday. Finally, Wedbush reiterated an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Eight investment 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 an average rating of “Moderate Buy” and a consensus price target of $147.00.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently modified their holdings of the business. Bray Capital Advisors increased its position in shares of Electronic Arts by 100.0% during 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 in the last quarter. Cape Investment Advisory Inc. boosted its stake in 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 purchasing an additional 101 shares during the period. Redmont Wealth Advisors LLC bought a new position in Electronic Arts during the 1st quarter worth about $27,000. Leith Wheeler Investment Counsel Ltd. raised its stake in shares of Electronic Arts by 269.1% in the 4th 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. Finally, Larson Financial Group LLC bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $30,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Company Profile

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.