Insider Selling: Electronic Arts Inc. (NASDAQ:EA) Insider Sells 800 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the completion of the sale, the insider now owns 26,283 shares of the company’s stock, valued at $3,328,479.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 stock was 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 stock was sold at an average price of $139.08, for a total transaction of $111,264.00.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $129.56 on Friday. The firm has a market cap of $34.64 billion, a PE ratio of 32.63, a PEG ratio of 1.72 and a beta of 0.78. The firm has a fifty day moving average of $131.99 and a 200 day moving average of $134.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53.

Institutional Investors Weigh In On Electronic Arts

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. increased its holdings in Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. 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 worth $27,000 after purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Electronic Arts during the 1st quarter worth $27,000. Bray Capital Advisors boosted its stake in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in Electronic Arts in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EA. BMO Capital Markets began coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target for the company. Stifel Nicolaus raised their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. UBS Group reduced their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Roth Mkm reduced their price target on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Wedbush reissued an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Thursday. Eight 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.72.

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.