Blake J. Jorgensen Sells 10,500 Shares of Electronic Arts Inc. (EA) Stock

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.

Several institutional investors have recently bought and sold shares of EA. Egerton Capital UK LLP bought a new stake in shares of Electronic Arts in the 4th quarter worth $184,412,000. Flossbach Von Storch AG bought a new stake in shares of Electronic Arts in the fourth quarter worth $139,782,000. Assenagon Asset Management S.A. bought a new stake in shares of Electronic Arts in the third quarter worth $148,789,000. Old Mutual Global Investors UK Ltd. grew its holdings in shares of Electronic Arts by 161.6% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,542,907 shares of the game software company’s stock worth $162,097,000 after acquiring an additional 953,148 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in shares of Electronic Arts by 49.6% in the third quarter. Point72 Asset Management L.P. now owns 1,570,034 shares of the game software company’s stock worth $185,358,000 after acquiring an additional 520,560 shares during the period. 92.63% of the stock is owned by institutional investors and hedge funds.

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.

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

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