Electronic Arts EVP Gabrielle B. Toledano Unloads 55,000 Shares (EA)
Electronic Arts (NYSE:EA) EVP Gabrielle B. Toledano sold 55,000 shares of Electronic Arts stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $26.01, for a total value of $1,430,550.00. Following the completion of the sale, the executive vice president now directly owns 24,568 shares in the company, valued at approximately $639,014. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Electronic Arts (NYSE:EA) traded up 1.42% on Friday, hitting $26.40. The stock had a trading volume of 8,244,647 shares. Electronic Arts has a one year low of $15.44 and a one year high of $28.13. The stock has a 50-day moving average of $23.26 and a 200-day moving average of $24.84. The company has a market cap of $8.161 billion and a price-to-earnings ratio of 35.41. Electronic Arts also was the recipient of unusually large options trading on Tuesday. Stock investors purchased 13,910 put options on the stock. This represents an increase of 253% compared to the typical volume of 3,936 put options.
Electronic Arts (NYSE:EA) last announced its earnings results on Monday, January 27th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.24 by $0.02. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 33.0% on a year-over-year basis. Analysts expect that Electronic Arts will post $1.30 EPS for the current fiscal year.
A number of analysts have recently weighed in on EA shares. Analysts at Sterne Agee raised their price target on shares of Electronic Arts from $26.00 to $36.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Bank of America Corp. upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $36.00 price target on the stock, up previously from $29.00. Finally, analysts at Hudson Square Research upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note to investors on Friday, January 24th. Eleven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.22.
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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