A company insider recently sold 800 shares of Electronic Arts Inc. [EA]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Electronic Arts Inc. shares valued at $104,472 were sold by Singh Vijayanthimala on Aug 01. At $130.59 per share, Singh Vijayanthimala sold 800 shares. The insider’s holdings dropped to 27,714 shares worth approximately $3.69 million following the completion of this transaction.

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Also, Miele Laura sold 1,500 shares, netting a total of over 196,150 in proceeds. Following the sale of shares at $130.77 each, the insider now holds 33,700 shares.

Before that, Bruzzo Chris had sold 2,000 shares from its account. In a trade valued at $261,639, the Chief Experience Officer traded Electronic Arts Inc. shares for $130.82 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $2.87 million.

As published in a research note from MoffettNathanson on June 10, 2022, Electronic Arts Inc. [EA] has been rated down from a Buy to a Neutral and the price target has been revised to $147 from $141. This represents a 9.36% premium over Thursday’s closing price. Analysts at MoffettNathanson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid May. As of April 22, 2022, Bernstein has initiated its “an Outperform” rating for EA. Earlier on April 19, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for EA stock which previously was a “a Buy”.

Analyzing EA’s Price Performance

On Thursday, Electronic Arts Inc. [NASDAQ: EA] plunged -0.03% to $133.24. The stock’s lowest price that day was $131.99, but it reached a high of $133.80 in the same session. During the last five days, there has been a surge of approximately 0.05%. Over the course of the year, Electronic Arts Inc. shares have jumped approximately 1.02%. Shares of the company reached a 52-week high of $142.79 on 06/03/22 and a 52-week low of $109.24 on 05/10/22. A 50-day SMA is recorded $130.26, while a 200-day SMA reached $129.90. Nevertheless, trading volume fell to 1.6 million shares from 2.21 million shares the previous day.

Support And Resistance Levels for Electronic Arts Inc. (EA)

According to the 24-hour chart, there is a support level at 132.22, which, if violated, would cause prices to drop to 131.20. In the upper region, resistance lies at 134.03. The next price resistance is at 134.82. RSI (Relative Strength Index) is 61.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.67, which suggests the price will increase in the coming days. Percent R is at 14.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Electronic Arts Inc. subject to short interest?

Stocks of Electronic Arts Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by 90000.0 shares to 4.46 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.55 million shares. A decline of -2.02% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.99 of the overall float, the days-to-cover ratio (short ratio) decline to 1.99.

Which companies own the most shares of Electronic Arts Inc. (EA)?

According to The Vanguard Group, Inc. filings, the company currently owns 20,695,814 shares, which is about 7.39% of the total EA shares outstanding. The investor’s shares have appreciated by 185,558 from its previous 13-F filing of 20510256.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,855,092,795. SSgA Funds Management, Inc. reduced a -0.53% interest valued at $1.72 billion while Wellington Management Co. LLP purchased a 1,859,869 stake. A total of 409,382 shares of Electronic Arts Inc. were bought by Massachusetts Financial Services during the quarter, and -121,000 were sold by Amundi Asset Management US, Inc. In its current portfolio, Capital Research & Management Co holds 5,335,855 shares valued at $649.11 million.

In terms of Electronic Arts Inc. share price expectations, FactSet research, analysts set an average price target of $154.31 in the next 12 months, up nearly 15.55% from the previous closing price of $133.28. Analysts anticipate Electronic Arts Inc. stock to reach $188.00 by 2022, with the lowest price target being $130.00. In spite of this, 33 analysts ranked Electronic Arts Inc. stock as an Overweight at the end of 2022. On April 06, 2022, BofA Securities assigned a price target of “a Buy” to the stock and resumed coverage with a $166.


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