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 company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $101.42, for a total value of $50,710.00. Following the transaction, the insider now directly owns 11,533 shares in the company, valued at $1,169,676.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Friday, November 1st, Vijayanthimala Singh sold 500 shares of Electronic Arts stock. The stock was sold at an average price of $97.12, for a total value of $48,560.00.
  • On Tuesday, October 1st, Vijayanthimala Singh sold 500 shares of Electronic Arts stock. The stock was sold at an average price of $97.81, for a total value of $48,905.00.

Shares of Electronic Arts stock traded down $0.64 on Wednesday, hitting $100.63. The company had a trading volume of 2,730,712 shares, compared to its average volume of 4,610,359. The stock has a market capitalization of $29.49 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 3.35 and a beta of 0.91. Electronic Arts Inc. has a 1 year low of $73.91 and a 1 year high of $108.80. The stock has a 50 day moving average of $97.98 and a 200-day moving average of $96.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.32 and a current ratio of 3.32.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, October 29th. The game software company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.24 billion. Electronic Arts had a return on equity of 17.54% and a net margin of 54.01%. Equities analysts anticipate that Electronic Arts Inc. will post 3.72 earnings per share for the current year.

A number of research analysts recently weighed in on EA shares. Barclays reaffirmed an “equal weight” rating on shares of Electronic Arts in a research note on Tuesday, October 22nd. Piper Jaffray Companies dropped their price target on Electronic Arts from $112.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. BidaskClub raised Electronic Arts from a “sell” rating to a “hold” rating in a research note on Wednesday. Berenberg Bank set a $110.00 price target on Electronic Arts and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Wedbush reaffirmed an “outperform” rating on shares of Electronic Arts in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $109.42.

Several institutional investors have recently modified their holdings of EA. Nuveen Asset Management LLC grew its holdings in shares of Electronic Arts by 24,877.3% in the second quarter. Nuveen Asset Management LLC now owns 3,698,642 shares of the game software company’s stock valued at $374,525,000 after acquiring an additional 3,683,834 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Electronic Arts by 15.7% in the second quarter. Invesco Ltd. now owns 6,715,803 shares of the game software company’s stock valued at $680,043,000 after acquiring an additional 913,279 shares in the last quarter. Independent Franchise Partners LLP grew its holdings in shares of Electronic Arts by 35.4% in the second quarter. Independent Franchise Partners LLP now owns 3,421,561 shares of the game software company’s stock valued at $346,467,000 after acquiring an additional 894,736 shares in the last quarter. Boston Partners bought a new position in shares of Electronic Arts in the third quarter valued at approximately $66,642,000. Finally, Renaissance Technologies LLC bought a new position in shares of Electronic Arts in the second quarter valued at approximately $60,368,000. 90.85% of the stock is owned by hedge funds and other institutional investors.

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. 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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