Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $118.90, for a total value of $1,248,450.00. Following the completion of the transaction, the chief financial officer now owns 148,971 shares of the company’s stock, valued at approximately $17,712,651.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Electronic Arts Inc. (EA) traded down $6.51 during mid-day trading on Thursday, reaching $116.54. The company had a trading volume of 5,475,196 shares, compared to its average volume of 4,869,470. Electronic Arts Inc. has a one year low of $81.49 and a one year high of $131.01. The company has a current ratio of 1.92, a quick ratio of 2.38 and a debt-to-equity ratio of 0.24. The company has a market cap of $37,767.42, a price-to-earnings ratio of 37.43, a PEG ratio of 2.24 and a beta of 0.73.
Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.03. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. equities research analysts predict that Electronic Arts Inc. will post 3.66 earnings per share for the current year.
A number of research analysts have recently commented on EA shares. Piper Jaffray Companies restated a “buy” rating and issued a $128.00 target price on shares of Electronic Arts in a research note on Thursday, October 12th. Needham & Company LLC restated a “buy” rating and issued a $130.00 target price on shares of Electronic Arts in a research note on Friday, October 13th. Morgan Stanley restated an “overweight” rating and issued a $126.00 target price (down previously from $128.00) on shares of Electronic Arts in a research note on Wednesday, October 18th. BidaskClub cut Electronic Arts from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Finally, Wedbush set a $136.00 target price on Electronic Arts and gave the company a “buy” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $130.34.
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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.
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