Electronic Arts Inc. (NASDAQ:EA) Insider Vijayanthimala Singh Sells 1,000 Shares

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now owns 28,216 shares in the company, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $147.57, for a total value 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 value of $164,450.00.

Electronic Arts Stock Performance

Electronic Arts stock traded down $1.66 during trading hours on Tuesday, hitting $121.25. 7,142,868 shares of the stock traded hands, compared to its average volume of 4,252,824. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The firm’s 50 day moving average price is $145.96 and its 200-day moving average price is $147.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $31.80 billion, a price-to-earnings ratio of 31.17, a P/E/G ratio of 2.50 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts expect that Electronic Arts Inc. will post 5.02 EPS for the current fiscal year.

Institutional Trading of Electronic Arts

A number of hedge funds have recently modified their holdings of EA. Los Angeles Capital Management LLC lifted its holdings in Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after acquiring an additional 989,319 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after purchasing an additional 373,730 shares in the last quarter. abrdn plc lifted its stake in shares of Electronic Arts by 59.2% in the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after purchasing an additional 319,335 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Electronic Arts by 8,503.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after buying an additional 314,388 shares in the last quarter. Finally, Huntington National Bank grew its position in Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after buying an additional 234,098 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Argus boosted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Citigroup reduced their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research note on Tuesday. Wedbush reiterated an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research note on Monday, January 27th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.38.

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.