Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CEO Sells 2,500 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,500 shares of the company’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 transaction, the chief executive officer now directly owns 23,430 shares of the company’s stock, valued at approximately $2,980,061.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 value 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 Stock Performance

EA traded up $0.59 during trading hours on Friday, hitting $127.90. 1,220,587 shares of the stock were exchanged, compared to its average volume of 1,997,236. The stock 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 has a 50-day simple moving average of $133.38 and a 200-day simple moving average of $134.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 20.58% and a net margin of 14.09%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 EPS. Analysts anticipate that Electronic Arts Inc. will post 5.35 earnings per share for the current year.

Hedge Funds Weigh In On Electronic Arts

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV lifted its stake in shares of Electronic Arts by 23.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock worth $2,753,000 after acquiring an additional 4,411 shares during the period. Value Partners Investments Inc. lifted its position in Electronic Arts by 33.5% in the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock worth $53,761,000 after purchasing an additional 107,709 shares during the period. Metis Global Partners LLC boosted its stake in Electronic Arts by 14.7% during the 3rd quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock valued at $1,381,000 after purchasing an additional 1,469 shares in the last quarter. Morgan Stanley increased its position in shares of Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after purchasing an additional 389,063 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after buying an additional 3,600,388 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EA has been the topic of several research reports. Oppenheimer restated an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a report on Tuesday. Benchmark reiterated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. UBS Group cut their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. BMO Capital Markets began coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price for the company. Finally, Wedbush reissued an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

About Electronic Arts

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.