Insider Selling: Electronic Arts Inc. (NASDAQ:EA) Insider Sells 500 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 500 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $92.73, for a total transaction of $46,365.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Vijayanthimala Singh also recently made the following trade(s):

  • On Thursday, June 13th, Vijayanthimala Singh sold 500 shares of Electronic Arts stock. The stock was sold at an average price of $92.92, for a total transaction of $46,460.00.

Shares of NASDAQ EA traded up $1.06 during mid-day trading on Friday, reaching $98.51. 1,936,015 shares of the company traded hands, compared to its average volume of 5,237,985. Electronic Arts Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $121.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.52 and a quick ratio of 3.52. The firm has a market cap of $28.87 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.20 and a beta of 0.97. The stock has a fifty day simple moving average of $91.54 and a 200-day simple moving average of $95.16.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.10). Electronic Arts had a net margin of 42.75% and a return on equity of 19.63%. The company had revenue of $743.00 million for the quarter, compared to analyst estimates of $724.55 million. As a group, analysts predict that Electronic Arts Inc. will post 3.74 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of EA. Icon Wealth Partners LLC purchased a new stake in Electronic Arts in the first quarter worth $28,000. Valeo Financial Advisors LLC bought a new position in shares of Electronic Arts during the second quarter worth about $28,000. Berman Capital Advisors LLC lifted its holdings in Electronic Arts by 70.6% in the first quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock worth $34,000 after acquiring an additional 142 shares during the last quarter. Bremer Bank National Association bought a new position in Electronic Arts in the first quarter worth about $34,000. Finally, Cornerstone Advisors Inc. lifted its holdings in Electronic Arts by 86.6% in the first quarter. Cornerstone Advisors Inc. now owns 349 shares of the game software company’s stock worth $35,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Bank of America increased their price objective on shares of Electronic Arts from $100.00 to $102.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. BidaskClub upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd. Stifel Nicolaus raised their price target on shares of Electronic Arts from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wedbush restated an “outperform” rating and issued a $122.00 price target on shares of Electronic Arts in a research note on Wednesday. Finally, Jefferies Financial Group set a $100.00 price target on shares of Electronic Arts and gave the company a “hold” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and an average target price of $111.00.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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