The chief human resources officer of Electronic Arts is selling $147,570 worth of stock via Investing.com
REDWOOD CITY, Calif.—Vijayanthimala Singh, chief human resources officer at Electronic Arts Inc . (NASDAQ:), the gaming giant with a market cap of $38.4 billion and strong financial health according to InvestingPro metrics, sold 1,000 shares of the company’s stock on January 2, 2025. The shares were sold at a price of $147.57 each, for a total transaction worth $147,570. This sale was made pursuant to a 10b5-1 trading plan established by Ms. Singh and the Singh-Force Family Trust in May 2024. Following the transaction, Ms. Singh holds 29,216 shares indirectly through the Singh-Force Family Trust, over which she has investment control and a pecuniary interest. EA currently trades at a P/E ratio of 37.3x and maintains strong liquidity with a current ratio of 1.43. InvestingPro subscribers can access 12 additional key insights about EA’s valuation and financial strength in a comprehensive Pro Research Report.
In other recent news, Electronic Arts (EA) announced a record second quarter for fiscal year 2025, with net bookings reaching $2.08 billion, representing 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. In response to these strong results, EA raised its guidance for the full year. Furthermore, EA focuses on strategic initiatives to improve online communities and leverage generative artificial intelligence.
Financial services firm Stifel downgraded shares of EA from Buy to Hold, while revising their price target for the video game company to $167.00. Despite this, Stifel maintains a medium- to long-term positive view on EA’s fundamentals. Meanwhile, Citi maintained a Neutral rating on EA, but raised its price target from $162.00 to $163.00 after the strong results.
EA plans to expand The Sims as a platform and partner 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. These developments reflect EA’s strategic journey and its commitment to innovation.
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