Insider Selling: Electronic Arts Inc. (EA) CEO Sells 10,058 Shares of Stock
Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 10,058 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $118.04, for a total transaction of $1,187,246.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Andrew Wilson also recently made the following trade(s):
- On Friday, September 1st, Andrew Wilson sold 10,058 shares of Electronic Arts stock. The shares were sold at an average price of $119.56, for a total transaction of $1,202,534.48.
- On Tuesday, August 1st, Andrew Wilson sold 10,058 shares of Electronic Arts stock. The shares were sold at an average price of $117.00, for a total transaction of $1,176,786.00.
Electronic Arts Inc. (NASDAQ EA) traded up 0.51% during trading on Wednesday, reaching $118.56. 1,642,396 shares of the company were exchanged. Electronic Arts Inc. has a 52-week low of $73.74 and a 52-week high of $122.79. The firm has a 50-day moving average of $118.39 and a 200-day moving average of $108.07. The firm has a market cap of $36.60 billion, a price-to-earnings ratio of 31.74 and a beta of 0.69.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.22. The business had revenue of $775.00 million during the quarter, compared to analyst estimates of $768.47 million. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. Electronic Arts’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS. On average, equities analysts forecast that Electronic Arts Inc. will post $4.24 EPS for the current year.
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Several equities research analysts have commented on the stock. Jefferies Group LLC restated a “buy” rating and issued a $135.00 price target on shares of Electronic Arts in a research note on Thursday, August 31st. BidaskClub upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Benchmark Co. raised their price target on shares of Electronic Arts from $136.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Buckingham Research assumed coverage on shares of Electronic Arts in a research note on Wednesday, September 20th. They issued a “buy” rating and a $143.00 price target on the stock. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Electronic Arts in a research note on Friday, September 8th. They issued a “buy” rating and a $136.00 price target on the stock. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $119.43.
Hedge funds have recently made changes to their positions in the business. Guardian Life Insurance Co. of America boosted its holdings in Electronic Arts by 2.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after acquiring an additional 34 shares during the last quarter. Invictus RG boosted its holdings in Electronic Arts by 722.0% during the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after acquiring an additional 1,148 shares during the last quarter. D. Scott Neal Inc. purchased a new position in Electronic Arts during the 2nd quarter worth $120,000. Tower Research Capital LLC TRC boosted its holdings in Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after acquiring an additional 1,063 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in Electronic Arts during the 2nd quarter worth $195,000. Institutional investors and hedge funds own 93.84% of the company’s stock.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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