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 Electronic Arts stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00. Following the transaction, the chief executive officer now directly owns 51,747 shares of the company’s stock, valued at approximately $7,548,334.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Andrew Wilson also recently made the following trade(s):

• On Wednesday, September 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00.
• On Monday, August 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $148.88, for a total value of $372,200.00.

Electronic Arts Stock Up 2.4 %

Shares of EA stock opened at $149.14 on Thursday. The company has a 50 day simple moving average of $144.81 and a two-hundred day simple moving average of $139.95. The stock has a market cap of $39.63 billion, a P/E ratio of 31.87, a P/E/G ratio of 1.97 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $121.63 and a 12 month high of $153.51. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. On average, research analysts expect that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Bank of America boosted their target price on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Oppenheimer increased their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. The Goldman Sachs Group increased their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.65.

Institutional Trading of Electronic Arts

A number of hedge funds and other institutional investors have recently bought and sold shares of EA. Cullen Frost Bankers Inc. raised its holdings in shares of Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after acquiring an additional 79 shares in the last quarter. Shepherd Financial Partners LLC boosted its holdings in shares of Electronic Arts by 1.6% in the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after purchasing an additional 88 shares during the period. Grove Bank & Trust increased its position in shares of Electronic Arts by 23.5% during the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after purchasing an additional 94 shares during the last quarter. CWM LLC increased its position in shares of Electronic Arts by 1.5% during the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after purchasing an additional 95 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Electronic Arts by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock valued at $291,000 after buying an additional 97 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Company Profile

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.