Electronic Arts Inc. (NASDAQ: EA) is -3.16% lower on its value in year-to-date trading and has touched a low of $85.69 and a high of $147.36 in the current 52-week trading range. The EA stock was last observed hovering at around $139.06 in the last trading session, with the day’s loss setting it -2.34% off its average median price target of $150.00 for the next 12 months. It is also 18.13% off the consensus price target high of $167.00 offered by 29 analysts, but current levels are -10.26% lower than the price target low of $124.00 for the same period.
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Currently trading at $136.72, the stock is -2.81% and 4.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing -1.68% at the moment leaves the stock 6.83% off its SMA200. EA registered 26.63% gain for a year compared to 6-month loss of 0.38%. The firm has a 50-day simple moving average (SMA 50) of $135.99 and a 200-day simple moving average (SMA200) of $132.98.
The stock witnessed a 3.25% gain in the last 1 month and extending the period to 3 months gives it a 6.25%, and is -1.60% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.42% over the week and 2.26% over the month.
Electronic Arts Inc. (EA) has around 9800 employees, a market worth around $40.02B and $5.59B in sales. Current P/E ratio is 30.97 and Fwd P/E is 23.31. Profit margin for the company is 23.50%. Distance from 52-week low is 59.55% and -7.22% from its 52-week high. The company has generated returns on investments over the last 12 months (35.20%).
Electronic Arts Inc. (EA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Electronic Arts Inc. (EA) is a “Overweight”. 29 analysts offering their recommendations for the stock have an average rating of 2.20, where 10 rate it as a Hold and 3 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Electronic Arts Inc. is expected to release its quarterly report on 05/11/2021 and quarterly earnings per share for the current quarter are estimated at $2.95 with sales reaching $2.38B over the same period.The EPS is expected to grow by 209.40% this year, but quarterly earnings will post 15.10% year-over-year.
Electronic Arts Inc. (EA) Top Institutional Holders
1,459 institutions hold shares in Electronic Arts Inc. (EA), with 1.14M shares held by insiders accounting for 0.39% while institutional investors hold 93.76% of the company’s shares. The shares outstanding are 289.00M, and float is at 288.94M with Short Float at 2.40%. Institutions hold 93.39% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 22.49 million shares valued at $2.93 billion. The investor’s holdings represent 7.76% of the EA Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 20.25 million shares valued at $2.64 billion to account for 6.98% of the shares outstanding. The other top investors are State Street Corporation which holds 14.35 million shares representing 4.95% and valued at over $1.87 billion, while Massachusetts Financial Services Co. holds 4.26% of the shares totaling 12.33 million with a market value of $1.61 billion.
Electronic Arts Inc. (EA) Insider Activity
A total of 143 insider transactions have happened at Electronic Arts Inc. (EA) in the last six months, with sales accounting for 103 and purchases happening 40 times. The most recent transaction is an insider sale by Bilbey Matthew, the company’s EVP of Strategic Growth. SEC filings show that Bilbey Matthew sold 330 shares of the company’s common stock on Jan 04 at a price of $143.44 per share for a total of $47335.0. Following the sale, the insider now owns 7083.0 shares.
Electronic Arts Inc. disclosed in a document filed with the SEC on Jan 04 that Miele Laura (Chief Studios Officer) sold a total of 785 shares of the company’s common stock. The trade occurred on Jan 04 and was made at $143.44 per share for $0.11 million. Following the transaction, the insider now directly holds 22287.0 shares of the EA stock.
Still, SEC filings show that on Jan 04, Singh Vijayanthimala (Chief People Officer) disposed off 800 shares at an average price of $143.44 for $0.11 million. The insider now directly holds 21,899 shares of Electronic Arts Inc. (EA).
Electronic Arts Inc. (EA): Who are the competitors?
The company’s main competitors (and peers) include Activision Blizzard Inc. (ATVI) that is trading 50.66% up over the past 12 months. The Walt Disney Company (DIS) is 22.32% up on the 1-year trading charts. Short interest in the company’s stock has risen 36.75% from the last report on Nov 29, 2020 to stand at a total of 5.56 million short shares sold with a short interest ratio of 2.95.