Insider Selling: Electronic Arts Inc. (NASDAQ:EA) COO Sells 2,000 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) COO Laura Miele sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $128.15, for a total value of $256,300.00. Following the completion of the sale, the chief operating officer now directly owns 32,772 shares of the company’s stock, valued at approximately $4,199,731.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Laura Miele also recently made the following trade(s):

• On Monday, April 1st, Laura Miele sold 2,000 shares of Electronic Arts stock. The stock was sold at an average price of $132.82, for a total value of $265,640.00.
• On Friday, March 1st, Laura Miele sold 2,000 shares of Electronic Arts stock. The stock was sold at an average price of $139.08, for a total value of $278,160.00.

Electronic Arts Price Performance

NASDAQ EA traded up $1.06 during trading on Friday, reaching $129.56. 1,650,172 shares of the company traded hands, compared to its average volume of 1,975,562. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The stock’s 50 day moving average price is $132.25 and its two-hundred day moving average price is $134.44. The company has a market cap of $34.64 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 1.71 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm posted $2.29 EPS. The business’s revenue was up 1.0% on a year-over-year basis. As a group, analysts anticipate that Electronic Arts Inc. will post 5.35 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EA. Commonwealth Equity Services LLC raised its stake in shares of Electronic Arts by 4.4% in the third quarter. Commonwealth Equity Services LLC now owns 40,542 shares of the game software company’s stock valued at $4,881,000 after acquiring an additional 1,711 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Electronic Arts by 25.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 12,990 shares of the game software company’s stock valued at $1,564,000 after acquiring an additional 2,603 shares during the last quarter. Xponance Inc. raised its position in shares of Electronic Arts by 2.5% during the 3rd quarter. Xponance Inc. now owns 33,230 shares of the game software company’s stock valued at $4,001,000 after acquiring an additional 799 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Electronic Arts by 4.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 27,988 shares of the game software company’s stock valued at $3,370,000 after buying an additional 1,255 shares during the period. Finally, Simon Quick Advisors LLC grew its holdings in shares of Electronic Arts by 24.6% in the 3rd quarter. Simon Quick Advisors LLC now owns 2,054 shares of the game software company’s stock valued at $247,000 after buying an additional 406 shares during the period. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of several recent research reports. BMO Capital Markets initiated coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective for the company. Stifel Nicolaus increased their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. UBS Group cut their price objective on 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 cut their price objective on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a report on Thursday. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $146.72.

About Electronic Arts

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.