Blake J. Jorgensen Sells 10,000 Shares of Electronic Arts Inc. (EA) Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total value of $1,002,700.00. Following the sale, the chief financial officer now owns 169,614 shares of the company’s stock, valued at $17,007,195.78. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Electronic Arts Inc. (EA) opened at $103.18 on Thursday. Electronic Arts Inc. has a 1 year low of $76.42 and a 1 year high of $122.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $31,833.33, a PE ratio of 26.58, a PEG ratio of 1.70 and a beta of 0.61.

Institutional investors and hedge funds have recently modified their holdings of the company. Allen Investment Management LLC acquired a new stake in Electronic Arts during the second quarter worth approximately $905,000. Cullen Frost Bankers Inc. grew its stake in Electronic Arts by 4.3% during the third quarter. Cullen Frost Bankers Inc. now owns 103,220 shares of the game software company’s stock worth $12,186,000 after purchasing an additional 4,254 shares during the period. Delta Lloyd Asset Management N.V. acquired a new stake in Electronic Arts during the second quarter worth approximately $3,019,000. Swiss National Bank grew its stake in Electronic Arts by 5.3% during the second quarter. Swiss National Bank now owns 1,125,555 shares of the game software company’s stock worth $118,994,000 after purchasing an additional 56,300 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Electronic Arts by 65.0% during the second quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock worth $150,688,000 after purchasing an additional 561,322 shares during the period. Institutional investors own 93.78% of the company’s stock.

Several research firms have commented on EA. Buckingham Research set a $143.00 target price on Electronic Arts and gave the company a “buy” rating in a research report on Sunday, November 19th. Zacks Investment Research downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Electronic Arts in a research report on Friday, October 13th. Morgan Stanley reiterated an “overweight” rating and issued a $128.00 target price (up from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Finally, Benchmark increased their target price on Electronic Arts from $136.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Five analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Electronic Arts presently has an average rating of “Buy” and a consensus target price of $123.26.

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Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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