Insider Selling: Electronic Arts Inc. (EA) CFO Sells 10,500 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $92.79, for a total value of $974,295.00. Following the transaction, the chief financial officer now owns 104,391 shares in the company, valued at $9,686,440.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Electronic Arts stock traded up $1.57 during midday trading on Wednesday, reaching $93.80. The company’s stock had a trading volume of 6,454,423 shares, compared to its average volume of 3,934,044. Electronic Arts Inc. has a fifty-two week low of $89.12 and a fifty-two week high of $151.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.52 and a quick ratio of 3.84. The stock has a market cap of $28.18 billion, a PE ratio of 27.27, a P/E/G ratio of 1.59 and a beta of 0.96.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.46. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm earned $0.62 earnings per share. Electronic Arts’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts expect that Electronic Arts Inc. will post 3.87 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the company. Zacks Investment Research cut Electronic Arts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Credit Suisse Group increased their price objective on Electronic Arts from $143.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 25th. BidaskClub cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. Wedbush reiterated a “buy” rating and issued a $158.00 price objective on shares of Electronic Arts in a research note on Monday, July 23rd. Finally, Piper Jaffray Companies increased their price objective on Electronic Arts to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, July 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Electronic Arts presently has an average rating of “Buy” and an average price target of $134.68.

Institutional investors have recently bought and sold shares of the business. State Treasurer State of Michigan grew its holdings in shares of Electronic Arts by 0.6% during the second quarter. State Treasurer State of Michigan now owns 90,806 shares of the game software company’s stock worth $12,805,000 after purchasing an additional 500 shares during the last quarter. Vision Capital Management Inc. grew its holdings in shares of Electronic Arts by 22.3% during the third quarter. Vision Capital Management Inc. now owns 31,955 shares of the game software company’s stock worth $3,850,000 after purchasing an additional 5,825 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Electronic Arts by 333.2% during the second quarter. First Trust Advisors LP now owns 243,908 shares of the game software company’s stock worth $34,396,000 after purchasing an additional 187,609 shares during the last quarter. Highstreet Asset Management Inc. grew its holdings in shares of Electronic Arts by 45.4% during the second quarter. Highstreet Asset Management Inc. now owns 10,475 shares of the game software company’s stock worth $1,477,000 after purchasing an additional 3,272 shares during the last quarter. Finally, Twin Capital Management Inc. grew its holdings in shares of Electronic Arts by 1.3% during the second quarter. Twin Capital Management Inc. now owns 88,450 shares of the game software company’s stock worth $12,473,000 after purchasing an additional 1,160 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

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Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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

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