1,492 institutions hold shares in Electronic Arts Inc. (EA), with 1.4M shares held by insiders accounting for 0.49% while institutional investors hold 96.43% of the company’s shares. The shares outstanding are 290.00M, and float is at 286.22M with Short Float at 2.15%. Institutions hold 95.96% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 22.99 million shares valued at $3.3 billion. The investor’s holdings represent 7.99% of the EA Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 22.37 million shares valued at $3.21 billion to account for 7.78% of the shares outstanding. The other top investors are State Street Corporation which holds 14.59 million shares representing 5.07% and valued at over $2.1 billion, while Massachusetts Financial Services Co. holds 4.54% of the shares totaling 13.07 million with a market value of $1.88 billion.
Electronic Arts Inc. (NASDAQ: EA) is -1.43% lower on its value in year-to-date trading and has touched a low of $97.50 and a high of $150.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EA stock was last observed hovering at around $137.96 in the last trading session, with the day’s gains setting it 3.58% off its average median price target of $160.00 for the next 12 months. It is also 20.03% off the consensus price target high of $177.00 offered by 33 analysts, but current levels are -45.77% lower than the price target low of $97.10 for the same period.
Currently trading at $141.54, the stock is 7.55% and 2.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.36 million and changing 2.59% at the moment leaves the stock 5.37% off its SMA200. EA registered 38.37% gain for a year compared to 6-month loss of 6.60%. The firm has a 50-day simple moving average (SMA 50) of $134.72 and a 200-day simple moving average (SMA200) of $133.38.
The stock witnessed a 7.81% gain in the last 1 month and extending the period to 3 months gives it a -1.43%, and is 6.54% up 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 2.32% over the week and 2.26% over the month.
Electronic Arts Inc. (EA) has around 9800 employees, a market worth around $39.95B and $5.67B in sales. Current P/E ratio is 35.07 and Fwd P/E is 23.08. Profit margin for the company is 20.80%. Distance from 52-week low is 45.17% and -5.83% 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”. 33 analysts offering their recommendations for the stock have an average rating of 2.20, where 12 rate it as a Hold and 4 think it is a “Overweight”. 17 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 08/05/2021 and quarterly earnings per share for the current quarter are estimated at $1.05 with sales reaching $1.38B over the same period.The EPS is expected to grow by 209.40% this year, but quarterly earnings will post 16.70% year-over-year. Quarterly sales are estimated to grow 14.10% in year-over-year returns.
Electronic Arts Inc. (EA) Insider Activity
A total of 110 insider transactions have happened at Electronic Arts Inc. (EA) in the last six months, with sales accounting for 79 and purchases happening 31 times. The most recent transaction is an insider sale by Singh Vijayanthimala, the company’s Chief People Officer. SEC filings show that Singh Vijayanthimala sold 800 shares of the company’s common stock on Apr 01 at a price of $136.73 per share for a total of $0.11 million. Following the sale, the insider now owns 17499.0 shares.
Electronic Arts Inc. disclosed in a document filed with the SEC on Apr 01 that Miele Laura (Chief Studios Officer) sold a total of 785 shares of the company’s common stock. The trade occurred on Apr 01 and was made at $136.73 per share for $0.11 million. Following the transaction, the insider now directly holds 20110.0 shares of the EA stock.
Still, SEC filings show that on Apr 01, Bruzzo Chris (Chief Marketing Officer) disposed off 2,500 shares at an average price of $137.81 for $0.34 million. The insider now directly holds 17,975 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 61.02% up over the past 12 months and Glu Mobile Inc. (GLUU) that is 100.48% higher over the same period. The Walt Disney Company (DIS) is 94.39% up on the 1-year trading charts. Short interest in the company’s stock has fallen -4.23% from the last report on Feb 11, 2021 to stand at a total of 6.41 million short shares sold with a short interest ratio of 2.46.