Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson Sells 2,500 Shares

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the transaction, the chief executive officer now directly owns 23,430 shares in the company, valued at $2,980,061.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction of $326,650.00.
• On Monday, February 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00.

Electronic Arts Price Performance

NASDAQ EA opened at $127.90 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $34.19 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The company has a 50 day moving average price of $133.38 and a two-hundred day moving average price of $134.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data 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 company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 earnings per share. As a group, equities analysts predict that Electronic Arts Inc. will post 5.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Electronic Arts

A number of large investors have recently added to or reduced their stakes in the stock. Bray Capital Advisors boosted its holdings in Electronic Arts by 100.0% during the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after acquiring an additional 110 shares during the period. Cape Investment Advisory Inc. boosted its stake in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in Electronic Arts in the 1st quarter valued at approximately $27,000. Leith Wheeler Investment Counsel Ltd. grew its holdings in Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after buying an additional 154,989 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in Electronic Arts in the 4th quarter worth approximately $30,000. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.