Electronic Arts Inc. (NASDAQ:EA) CFO Sells $437,447.40 in Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 3,315 shares of the business’s stock in a transaction that occurred on Wednesday, January 12th. The stock was sold at an average price of $131.96, for a total value of $437,447.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NASDAQ EA opened at $130.44 on Friday. Electronic Arts Inc. has a 12-month low of $120.08 and a 12-month high of $150.30. The company has a market cap of $36.89 billion, a P/E ratio of 48.13 and a beta of 0.87. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $131.20 and a 200 day moving average price of $137.13.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Wednesday, November 3rd. The game software company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.32. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Electronic Arts had a net margin of 12.27% and a return on equity of 18.55%. During the same period in the prior year, the company posted ($0.03) EPS. On average, sell-side analysts forecast that Electronic Arts Inc. will post 5.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 22nd. Shareholders of record on Wednesday, December 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, December 7th. This represents a $0.68 dividend on an annualized basis and a yield of 0.52%. Electronic Arts’s payout ratio is currently 25.09%.

Large investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Electronic Arts by 0.6% during the second quarter. State Street Corp now owns 14,014,283 shares of the game software company’s stock worth $2,015,674,000 after purchasing an additional 84,374 shares during the last quarter. Invesco Ltd. lifted its position in shares of Electronic Arts by 6.3% during the third quarter. Invesco Ltd. now owns 5,498,453 shares of the game software company’s stock worth $782,154,000 after purchasing an additional 323,791 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Electronic Arts by 0.5% during the third quarter. Geode Capital Management LLC now owns 4,952,716 shares of the game software company’s stock worth $702,638,000 after purchasing an additional 23,251 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Electronic Arts by 16.5% during the third quarter. Ninety One UK Ltd now owns 4,252,449 shares of the game software company’s stock worth $604,911,000 after purchasing an additional 600,788 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Electronic Arts by 164.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,075,262 shares of the game software company’s stock worth $579,706,000 after purchasing an additional 2,533,431 shares during the last quarter. 89.08% of the stock is owned by institutional investors.

Several equities analysts have issued reports on EA shares. Credit Suisse Group boosted their target price on Electronic Arts from $175.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, November 4th. Oppenheimer boosted their price target on Electronic Arts from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, November 4th. Raymond James boosted their price target on Electronic Arts from $177.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, November 4th. Robert W. Baird boosted their price target on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 4th. Finally, Citigroup raised Electronic Arts from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $160.00 to $150.00 in a research note on Monday, December 6th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $166.20.

About Electronic Arts

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, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.

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