Electronic Arts HR Executive Sells $147,570 in Stock From Investing.com
REDWOOD CITY, Calif. – Vijayanthimala Singh, Chief People Officer at Electronic Arts Inc . (NASDAQ:), a gaming giant with a market cap of $38.4 billion and strong financial health InvestingPro Metrics sold 1,000 shares of the Company’s common stock on January 2, 2025. The shares were sold at $147.57 each, for a total transaction value of $147,570. This sale was completed under a 10b5-1 trading plan prepared 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 pecuniary interest. EA is currently trading at a P/E ratio of 37.3x and has robust liquidity with a current ratio of 1.43. InvestingPro Subscribers can access 12 additional key insights into EA’s valuation and financial strength in the comprehensive Pro Research Report.
In other recent news, Electronic Arts (EA) announced a record-breaking second quarter for fiscal 2025, with net bookings of $2.08 billion, up 14% year over year. 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 increased its full-year guidance. Additionally, EA is focused on strategic initiatives to improve online communities and leverage generative AI.
Financial services firm Stifel downgraded shares of EA to “Hold” from “Buy” while also revising its price target on the video game company to $167.00. Nevertheless, Stifel maintains a medium- and longer-term positive view on EA’s fundamentals. Meanwhile, Citi maintained a neutral rating on EA but increased its price target to $163.00 from $162.00 following strong results.
EA plans to expand The Sims as a platform and work with Amazon (NASDAQ:) MGM Studios for a film adaptation. Andrew Wilson, CEO of EA, expressed confidence that the upcoming title “Veilguard” has breakthrough potential. These developments reflect EA’s strategic journey and commitment to innovation.
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