Insider Selling: Electronic Arts Inc. (NASDAQ:EA) Insider Sells $101,312.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the completion of the sale, the insider now directly owns 26,283 shares in the company, valued at $3,328,479.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, April 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The shares were sold at an average price of $132.82, for a total transaction of $106,256.00.
• On Friday, March 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $139.08, for a total value of $111,264.00.

Electronic Arts Trading Up 0.8 %

Shares of Electronic Arts stock opened at $129.56 on Monday. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53. The firm’s 50-day moving average price is $131.99 and its 200 day moving average price is $134.45. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $34.64 billion, a PE ratio of 32.63, a P/E/G ratio of 1.73 and a beta of 0.78.

Institutional Trading of Electronic Arts

A number of institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its holdings in Electronic Arts by 23.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock valued at $2,753,000 after purchasing an additional 4,411 shares in the last quarter. Value Partners Investments Inc. lifted its stake in shares of Electronic Arts by 33.5% in the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock worth $53,761,000 after buying an additional 107,709 shares in the last quarter. Metis Global Partners LLC boosted its position in Electronic Arts by 14.7% during the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock worth $1,381,000 after acquiring an additional 1,469 shares during the last quarter. Morgan Stanley grew its stake in Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after acquiring an additional 389,063 shares in the last quarter. Finally, West Family Investments Inc. acquired a new stake in Electronic Arts in the 4th quarter valued at about $230,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday, April 23rd. Stifel Nicolaus upped their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. UBS Group cut their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Roth Mkm decreased their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, Wedbush restated an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $146.72.

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.