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

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the sale, the insider now directly owns 26,283 shares in the company, valued at approximately $3,328,479.12. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $132.82, for a total transaction 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 transaction of $111,264.00.

Electronic Arts Stock Up 0.8 %

EA opened at $129.56 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 firm has a 50 day moving average price of $131.99 and a 200-day moving average price of $134.43. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53. The stock has a market capitalization of $34.64 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 1.72 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its holdings in Electronic Arts by 4.4% during the third quarter. Commonwealth Equity Services LLC now owns 40,542 shares of the game software company’s stock valued at $4,881,000 after buying an additional 1,711 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Electronic Arts by 25.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,990 shares of the game software company’s stock valued at $1,564,000 after buying an additional 2,603 shares during the last quarter. Xponance Inc. increased its holdings in Electronic Arts by 2.5% during the third quarter. Xponance Inc. now owns 33,230 shares of the game software company’s stock valued at $4,001,000 after buying an additional 799 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Electronic Arts by 4.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,988 shares of the game software company’s stock valued at $3,370,000 after buying an additional 1,255 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in Electronic Arts by 24.6% during the third quarter. Simon Quick Advisors LLC now owns 2,054 shares of the game software company’s stock valued at $247,000 after buying an additional 406 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Roth Mkm cut their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday. Benchmark reissued a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. UBS Group dropped their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. BMO Capital Markets began coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. Finally, Oppenheimer reissued an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Tuesday, April 23rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.