Electronic Arts EVP Unloads $637,500 in Stock (EA)
Electronic Arts (NYSE:EA) EVP Gabrielle Toledano sold 25,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $25.50, for a total transaction of $637,500.00. Following the completion of the sale, the executive vice president now directly owns 24,568 shares of the company’s stock, valued at approximately $626,484. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Electronic Arts to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Jefferies Group raised their price target on shares of Electronic Arts from $21.50 to $22.00 in a research note to investors on Wednesday, October 30th. They now have a “buy” rating on the stock. Finally, analysts at Wedbush reiterated an “outperform” rating on shares of Electronic Arts in a research note to investors on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $24.04.
Shares of Electronic Arts (NYSE:EA) traded up 0.39% on Monday, hitting $25.73. 4,329,446 shares of the company’s stock traded hands. Electronic Arts has a 1-year low of $12.72 and a 1-year high of $28.13. The stock has a 50-day moving average of $25.47 and a 200-day moving average of $24.07. The company has a market cap of $7.925 billion and a price-to-earnings ratio of 34.87.
Electronic Arts (NYSE:EA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.21. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $977.75 million. During the same quarter last year, the company posted $0.15 earnings per share. Electronic Arts’s revenue was down 3.7% compared to the same quarter last year. Analysts expect that Electronic Arts will post $1.28 EPS for the current fiscal year.
Electronic Arts Inc develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices (NYSE:EA).
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