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

Posted by Defense World Staff on May 5th, 2023

Electronic Arts Inc. (NASDAQ:EA – Get Rating) insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $127.28, for a total transaction of $101,824.00. Following the completion of the transaction, the insider now directly owns 22,955 shares in the company, valued at approximately $2,921,712.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

On Monday, April 3rd, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The shares were sold at an average price of $120.14, for a total transaction of $96,112.00.

Electronic Arts Stock Performance

Shares of EA opened at $124.01 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.25. The company’s 50 day simple moving average is $119.94 and its 200-day simple moving average is $122.46. Electronic Arts Inc. has a 12-month low of $108.53 and a 12-month high of $142.79. The firm has a market cap of $34.01 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 8.67 and a beta of 0.87.

Electronic Arts (NASDAQ:EA – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The game software company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.89). Electronic Arts had a net margin of 14.08% and a return on equity of 14.38%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the business earned $2.80 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities analysts predict that Electronic Arts Inc. will post 4.43 EPS for the current year.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Gateway Investment Advisers LLC grew its holdings in shares of Electronic Arts by 3.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 2,645 shares of the game software company’s stock worth $323,000 after purchasing an additional 81 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Electronic Arts by 2.2% in the 3rd quarter. Checchi Capital Advisers LLC now owns 3,820 shares of the game software company’s stock valued at $442,000 after buying an additional 83 shares in the last quarter. Synovus Financial Corp raised its position in Electronic Arts by 1.5% in the 3rd quarter. Synovus Financial Corp now owns 5,673 shares of the game software company’s stock valued at $654,000 after purchasing an additional 85 shares during the last quarter. Kentucky Retirement Systems raised its position in Electronic Arts by 0.4% in the 4th quarter. Kentucky Retirement Systems now owns 20,767 shares of the game software company’s stock valued at $2,537,000 after purchasing an additional 90 shares during the last quarter. Finally, Integrated Advisors Network LLC raised its position in Electronic Arts by 1.8% in the 4th quarter. Integrated Advisors Network LLC now owns 5,248 shares of the game software company’s stock valued at $641,000 after purchasing an additional 91 shares during the last quarter. 89.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EA has been the subject of a number of recent analyst reports. Wedbush lowered their target price on shares of Electronic Arts from $164.00 to $139.00 in a research note on Wednesday, February 1st. Truist Financial cut their price target on shares of Electronic Arts from $150.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 1st. StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 29th. KeyCorp dropped their target price on shares of Electronic Arts from $155.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, February 1st. Finally, Barclays boosted their price target on shares of Electronic Arts from $118.00 to $124.00 and gave the company an “equal weight” rating in a research report on Thursday, April 13th. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.57.

About Electronic Arts

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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, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.