Electronic Arts EVP Gabrielle B. Toledano Sells 25,000 Shares (EA)
Electronic Arts (NASDAQ:EA) EVP Gabrielle B. Toledano sold 25,000 shares of Electronic Arts stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $35.04, for a total value of $876,000.00. Following the completion of the sale, the executive vice president now directly owns 52,979 shares in the company, valued at approximately $1,856,384. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Electronic Arts (NASDAQ:EA) traded up 2.27% during mid-day trading on Monday, hitting $35.07. The stock had a trading volume of 4,426,843 shares. Electronic Arts has a 52 week low of $20.47 and a 52 week high of $38.64. The stock’s 50-day moving average is $35.92 and its 200-day moving average is $31.49. The company has a market cap of $10.963 billion and a P/E ratio of 88.83.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.23. The company had revenue of $775.00 million for the quarter, compared to the consensus estimate of $709.15 million. During the same quarter in the prior year, the company posted ($0.40) earnings per share. The company’s quarterly revenue was up 56.6% on a year-over-year basis. Analysts expect that Electronic Arts will post $1.92 EPS for the current fiscal year.
A number of analysts have recently weighed in on EA shares. Analysts at Wedbush raised their price target on shares of Electronic Arts from $43.00 to $49.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Electronic Arts from $40.00 to $46.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Electronic Arts from $38.00 to $44.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and a consensus price target of $41.49.
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.
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