Electronic Arts Inc. (NASDAQ:EA) Insider Vijayanthimala Singh Sells 1,000 Shares of 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 shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, the insider now owns 28,216 shares in the company, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. 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 Thursday, January 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were 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 Price Performance

Shares of Electronic Arts stock opened at $121.25 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market cap of $31.80 billion, a PE ratio of 31.17, a P/E/G ratio of 2.50 and a beta of 0.79. The business has a 50 day moving average of $145.96 and a 200 day moving average of $147.66. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data 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 return on equity of 18.56% and a net margin of 14.12%. As a group, equities research analysts forecast that Electronic Arts Inc. will post 5.02 earnings per share for the current year.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently modified their holdings of EA. Northwestern Mutual Wealth Management Co. boosted its position in Electronic Arts by 6.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,111 shares of the game software company’s stock worth $712,000 after purchasing an additional 332 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Electronic Arts during the 2nd quarter valued at about $749,000. Park Avenue Securities LLC lifted its position in shares of Electronic Arts by 1.4% during the 3rd quarter. Park Avenue Securities LLC now owns 14,430 shares of the game software company’s stock valued at $2,070,000 after buying an additional 203 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Electronic Arts by 5.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 80,964 shares of the game software company’s stock valued at $11,613,000 after buying an additional 4,118 shares in the last quarter. Finally, Czech National Bank lifted its position in shares of Electronic Arts by 5.6% during the 3rd quarter. Czech National Bank now owns 48,976 shares of the game software company’s stock valued at $7,025,000 after buying an additional 2,616 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EA shares. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Monday, January 27th. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Friday, January 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.38.

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.