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

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $127.19, for a total transaction of $317,975.00. Following the completion of the sale, the chief executive officer now owns 23,430 shares in the company, valued at approximately $2,980,061.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $142.39, for a total transaction of $355,975.00.

Electronic Arts Trading Up 0.5 %

NASDAQ:EA opened at $127.90 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 1.77 and a beta of 0.76. The firm has a fifty day simple moving average of $133.38 and a two-hundred day simple moving average of $134.55. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). The company had revenue of $2.37 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.29 earnings per share. Analysts expect that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on EA shares. UBS Group cut their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Benchmark reaffirmed a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Stifel Nicolaus raised their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Wedbush reaffirmed an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, 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 target for the company. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Institutional Investors Weigh In On Electronic Arts

Large investors have recently bought and sold shares of the stock. CWM LLC grew its holdings in shares of Electronic Arts by 18.1% during the third quarter. CWM LLC now owns 3,746 shares of the game software company’s stock valued at $451,000 after buying an additional 573 shares during the last quarter. AE Wealth Management LLC grew its holdings in shares of Electronic Arts by 41.4% during the third quarter. AE Wealth Management LLC now owns 3,441 shares of the game software company’s stock valued at $414,000 after buying an additional 1,007 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Electronic Arts by 20.6% during the third quarter. IFP Advisors Inc now owns 608 shares of the game software company’s stock valued at $73,000 after buying an additional 104 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Electronic Arts by 116.4% during the third quarter. Global Retirement Partners LLC now owns 701 shares of the game software company’s stock valued at $85,000 after buying an additional 377 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Electronic Arts by 8.6% during the third quarter. Flagship Harbor Advisors LLC now owns 2,623 shares of the game software company’s stock valued at $316,000 after buying an additional 208 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.