REDWOOD CITY, CA—Vijayanthimala Singh, Chief People Officer at Electronic Arts Inc . (NASDAQ:EA), recently sold 1,000 shares of the company's common stock, according to a regulatory filing. The gaming giant, currently valued at $44 billion and rated "GREAT" for financial health by InvestingPro, has seen its stock climb 23% over the past six months. The shares were sold at a price of $164.45 each, totaling $164,450. This transaction was conducted under a pre-established 10b5-1 trading plan, which Singh and the Singh-Force Family Trust set up on May 29, 2024. Following this sale, Singh, through the Singh-Force Family Trust, holds 30,216 shares of Electronic Arts. The stock is currently trading near its 52-week high of $168.50, with a relatively high P/E ratio of 42.7, suggesting premium valuation levels.
In other recent news, Electronic Arts (EA) reported an impressive financial performance for the second fiscal quarter of 2025, surpassing Wall Street's expectations. The company's net bookings and non-GAAP EPS exceeded analyst predictions, resulting in EA raising its full-year guidance for both metrics. Following these robust results, Citi maintained a neutral rating on EA but slightly increased the price target from $162 to $163.
EA's second-quarter success was largely attributed to its sports franchises, including EA SPORTS College Football 25, which led to a record $2.08 billion in net bookings, marking a 14% increase year-over-year. Player engagement also saw significant growth, with the number of American Football players more than doubling and total hours played increasing by over 140%. However, the monetization of Apex Legends did not meet the company's expectations.
Looking ahead, EA anticipates continued growth with a Q3 net bookings forecast of $2.4 billion to $2.55 billion. Among recent developments, the company plans to expand The Sims as a platform and collaborate with Amazon (NASDAQ:AMZN) MGM Studios for a film adaptation. CEO Andrew Wilson expressed confidence in the breakout potential of the upcoming title "Veilguard". These updates highlight EA's strategic focus on enhancing online communities and leveraging generative AI.
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