Electronic Arts Inc. (NASDAQ:EA) Insider Vijayanthimala Singh Sells 800 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total value of $101,312.00. Following the transaction, the insider now owns 26,283 shares in the company, valued at $3,328,479.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was 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 shares were sold at an average price of $139.08, for a total value of $111,264.00.

Electronic Arts Stock Up 0.8 %

Shares of EA stock opened at $129.56 on Friday. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The stock has a market cap of $34.64 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 1.72 and a beta of 0.78. The firm’s 50-day moving average is $131.99 and its 200-day moving average is $134.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data 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 net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the company earned $2.29 EPS. Electronic Arts’s quarterly revenue was up 1.0% on a year-over-year basis. Sell-side analysts predict that Electronic Arts Inc. will post 5.34 EPS for the current year.

Institutional Investors Weigh In On Electronic Arts

A number of large investors have recently added to or reduced their stakes in EA. WBI Investments LLC boosted its holdings in shares of Electronic Arts by 246.5% during the first quarter. WBI Investments LLC now owns 27,833 shares of the game software company’s stock worth $3,693,000 after acquiring an additional 19,800 shares during the period. Mediolanum International Funds Ltd bought a new position in Electronic Arts during the 1st quarter worth $11,813,000. RIA Advisory Group LLC acquired a new stake in shares of Electronic Arts during the first quarter worth $627,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Electronic Arts by 82.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after acquiring an additional 11,343 shares during the period. Finally, Lorne Steinberg Wealth Management Inc. grew its stake in shares of Electronic Arts by 0.3% in the first quarter. Lorne Steinberg Wealth Management Inc. now owns 43,750 shares of the game software company’s stock valued at $5,804,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EA. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Tuesday, April 23rd. UBS Group reduced their target price 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. BMO Capital Markets assumed coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target on the stock. Roth Mkm cut their price target on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Benchmark reiterated a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and an average target price of $146.72.

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.