Laura Miele, President of EA Entertainment Electronic Arts Inc . (NASDAQ:), the gaming giant with a market cap of $38.4 billion and strong financial health according to InvestingPro analysis, recently sold shares in the company, according to a filing with the Securities and Exchange Commission. On January 2, 2025, Miele sold a total of 2,500 common shares for $365,371. Shares were traded at prices ranging from $145.43 to $147.42.
The transaction was executed under a 10b5-1 trading plan, which Miele established on August 2, 2024. Following the sale, Miele retains ownership of 50,014 shares of Electronic Arts.
In other recent news, Electronic Arts (EA) has been the focus of several financial analysts. Stifel downgraded EA shares from Buy to Hold, despite the positive long-term outlook, and adjusted their target price to $167.00. This change is based on a reassessment of Stifel’s play model and estimates of net provisions for the company. Citi, on the other hand, maintained its Neutral rating but raised its price target from $162.00 to $163.00, reflecting EA’s strong second quarter FY2025 results.
Recent EA developments include a record second quarter with net bookings reaching $2.08 billion, a 14% year-over-year increase. This increase was primarily driven by the success of EA’s sports franchises, including EA SPORTS College Football 25. Following these strong results, EA increased its guidance for the full year.
The company is also focusing on strategic initiatives such as enhancing online communities and leveraging generative artificial intelligence. Plans include expanding The Sims as a platform and partnering with Amazon (NASDAQ: ) MGM Studios for a film adaptation. EA CEO Andrew Wilson expressed his belief in the breakthrough potential of the upcoming “Veilguard” title.
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