Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Electronic Arts Inc . (NASDAQ:EA) Chairman and CEO Andrew Wilson recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On April 22, Wilson sold a total of 5,000 shares of EA common stock through a prearranged 10b5-1 trading plan. The shares were sold at prices ranging from $144.08 to $146.3111, amounting to a total value of approximately $726,868. The transaction occurred as EA shares trade near InvestingPro’s Fair Value, with the company commanding a market capitalization of $38 billion and trading at a P/E ratio of 36.7x.
Following these transactions, Wilson holds 27,615 shares directly through the Wilson Family Trust. This sale was part of a trading plan established in August 2024, which allows executives to sell predetermined amounts of stock at set intervals, thereby avoiding potential conflicts of interest. According to InvestingPro analysis, EA maintains strong financial health with a "GOOD" overall rating, and investors should note the company’s upcoming earnings report scheduled for May 6, 2025. For deeper insights, check out EA’s comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Electronic Arts has seen various analyst updates and financial adjustments. Benchmark analyst Mike Hickey raised the price target for Electronic Arts to $160, maintaining a Buy rating, due to a potential delay in the release of Grand Theft Auto VI, which could benefit EA’s Battlefield franchise. Meanwhile, Citi reiterated a Neutral rating with a $139 target, noting the expectation of growth driven by future releases of FC and Battlefield, despite recent setbacks in EA’s financial guidance. DA Davidson also maintained a Neutral rating with a $140 target, pointing out an increase in player engagement for "FIFA 25" but noting challenges from declining "Apex Legends" market share. Another report from DA Davidson highlighted Electronic Arts’ strong intellectual property portfolio but expressed caution regarding the company’s near-term project pressures. TD Cowen, on the other hand, reduced its price target to $160 from $183 while maintaining a Buy rating, citing Electronic Arts’ third-quarter results aligning with expectations but adjusting financial projections due to cautious guidance. These updates reflect a mixed outlook for Electronic Arts, with analysts weighing both opportunities and challenges in the company’s future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.