Electronic Arts Sees Unusually High Options Volume (NASDAQ:EA)

Electronic Arts Inc. (NASDAQ:EA) was the target of unusually large options trading on Friday. Investors purchased 34,611 call options on the stock. This represents an increase of approximately 589% compared to the average daily volume of 5,021 call options.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the transaction, the insider now directly owns 50,433 shares in the company, valued at approximately $7,969,926.99. This represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock worth $3,835,555. 0.22% of the stock is owned by corporate insiders.

Institutional Trading of Electronic Arts

Several institutional investors and hedge funds have recently modified their holdings of EA. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts in the third quarter worth approximately $25,000. Pinnacle Bancorp Inc. grew its holdings in shares of Electronic Arts by 141.0% during the 4th 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 last quarter. Reston Wealth Management LLC bought a new position in shares of Electronic Arts during the third quarter valued at about $36,000. Bruce G. Allen Investments LLC grew its position 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 acquiring an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Electronic Arts by 31.8% in the third 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 during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

EA has been the topic of several research reports. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research report on Monday, January 27th. Robert W. Baird lowered their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. UBS Group boosted their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Bank of America downgraded Electronic Arts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $130.00 in a research note on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.43.

Electronic Arts Trading Up 3.6 %

Shares of EA stock opened at $122.91 on Friday. Electronic Arts has a 52-week low of $115.21 and a 52-week high of $168.50. The business’s fifty day moving average is $147.66 and its 200 day moving average is $147.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $32.24 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.38 and a beta of 0.80.

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.