Electronic Arts Inc. (EA) CEO Sells $4,251,500.00 in Stock
Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 50,000 shares of the company’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $85.03, for a total value of $4,251,500.00. Following the completion of the transaction, the chief executive officer now directly owns 290,581 shares of the company’s stock, valued at approximately $24,708,102.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Andrew Wilson also recently made the following trade(s):
- On Monday, August 1st, Andrew Wilson sold 8,000 shares of Electronic Arts stock. The stock was sold at an average price of $76.47, for a total value of $611,760.00.
Electronic Arts Inc. (NASDAQ:EA) opened at 84.26 on Friday. The company has a market cap of $25.34 billion, a price-to-earnings ratio of 23.74 and a beta of 0.72. The stock has a 50 day moving average price of $81.89 and a 200-day moving average price of $74.18. Electronic Arts Inc. has a 12-month low of $53.01 and a 12-month high of $85.60.
Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, August 2nd. The game software company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. Electronic Arts had a return on equity of 24.97% and a net margin of 25.85%. The company earned $682 million during the quarter, compared to analyst estimates of $652.64 million. During the same quarter in the previous year, the company posted $0.15 EPS. Electronic Arts’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts predict that Electronic Arts Inc. will post $3.64 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. Archford Capital Strategies LLC raised its stake in Electronic Arts by 1,407.3% in the second quarter. Archford Capital Strategies LLC now owns 1,447 shares of the game software company’s stock worth $110,000 after buying an additional 1,351 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Electronic Arts during the second quarter worth $168,000. SSI Investment Management Inc. bought a new stake in Electronic Arts during the second quarter worth $200,000. Stratos Wealth Partners LTD. bought a new stake in Electronic Arts during the second quarter worth $202,000. Finally, Wetherby Asset Management Inc. bought a new stake in Electronic Arts during the second quarter worth $239,000.
A number of brokerages have issued reports on EA. Vetr raised Electronic Arts from a “sell” rating to a “hold” rating and set a $79.72 target price for the company in a report on Monday, July 25th. Pacific Crest reaffirmed a “hold” rating on shares of Electronic Arts in a report on Saturday, June 4th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $88.00 target price on shares of Electronic Arts in a report on Wednesday, August 3rd. MKM Partners upped their target price on Electronic Arts from $87.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Electronic Arts in a report on Monday, July 18th. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and an average target price of $88.33.
Electronic Arts Company Profile
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v.
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