Vijayanthimala Singh Sells 1,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the transaction, the insider now owns 28,216 shares of the company’s stock, valued at $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Vijayanthimala Singh also recently made the following trade(s):

• On Thursday, January 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00.
• On Monday, December 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00.

Electronic Arts Trading Down 1.4 %

EA traded down $1.66 on Tuesday, hitting $121.25. The company had a trading volume of 7,142,868 shares, compared to its average volume of 4,252,824. The company’s fifty day moving average price is $145.96 and its 200 day moving average price is $147.66. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market cap of $31.80 billion, a P/E ratio of 31.17, a PEG ratio of 2.50 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. As a group, equities analysts expect that Electronic Arts Inc. will post 5.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EA shares. BNP Paribas cut Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a report on Monday, January 27th. BMO Capital Markets lowered Electronic Arts from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $160.00 to $145.00 in a report on Thursday, January 23rd. Stifel Nicolaus dropped their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Bank of America downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $170.00 to $130.00 in a research note on Thursday, January 23rd. Finally, Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $156.38.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Electronic Arts in the 3rd quarter valued at approximately $25,000. Pinnacle Bancorp Inc. boosted its holdings in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the period. Reston Wealth Management LLC acquired a new position in Electronic Arts during the 3rd quarter worth $36,000. Bruce G. Allen Investments LLC increased its holdings in Electronic Arts by 156.6% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after purchasing an additional 166 shares during the period. Finally, Larson Financial Group LLC raised its position in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.