Electronic Arts Inc. (NASDAQ:EA) SVP Jacob J. Schatz sold 2,200 shares of Electronic Arts stock in a transaction on Friday, May 19th. The shares were sold at an average price of $107.22, for a total value of $235,884.00. Following the sale, the senior vice president now directly owns 22,935 shares of the company’s stock, valued at $2,459,090.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Jacob J. Schatz also recently made the following trade(s):
- On Tuesday, February 21st, Jacob J. Schatz sold 2,200 shares of Electronic Arts stock. The shares were sold at an average price of $87.40, for a total value of $192,280.00.
Shares of Electronic Arts Inc. (EA) traded down 0.02% during mid-day trading on Friday, reaching $110.51. 9,608,229 shares of the company were exchanged. The company has a market capitalization of $34.26 billion, a price-to-earnings ratio of 35.88 and a beta of 0.59. Electronic Arts Inc. has a 12 month low of $71.01 and a 12 month high of $116.04. The firm’s 50-day moving average is $107.35 and its 200-day moving average is $90.48.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, May 9th. The game software company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.09 billion. Electronic Arts had a return on equity of 27.60% and a net margin of 19.96%. Electronic Arts’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. On average, equities analysts forecast that Electronic Arts Inc. will post $4.22 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Electronic Arts Inc. (EA) SVP Sells $235,884.00 in Stock” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/06/16/insider-selling-electronic-arts-inc-ea-svp-sells-235884-00-in-stock-updated-updated.html.
A number of research analysts have recently issued reports on the company. BidaskClub downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Mizuho restated a “buy” rating and set a $115.00 target price on shares of Electronic Arts in a research note on Monday. Morgan Stanley boosted their target price on Electronic Arts from $114.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Credit Suisse Group restated a “buy” rating and set a $114.00 target price on shares of Electronic Arts in a research note on Sunday, May 28th. Finally, Vetr cut Electronic Arts from a “buy” rating to a “hold” rating and set a $109.98 price objective for the company. in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $103.50.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Electronic Arts by 8.8% in the first quarter. Vanguard Group Inc. now owns 29,631,771 shares of the game software company’s stock valued at $2,652,637,000 after buying an additional 2,394,314 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Electronic Arts by 3,420.8% in the first quarter. BlackRock Inc. now owns 20,764,484 shares of the game software company’s stock valued at $1,858,837,000 after buying an additional 20,174,721 shares in the last quarter. State Street Corp boosted its stake in shares of Electronic Arts by 2.8% in the first quarter. State Street Corp now owns 11,886,458 shares of the game software company’s stock valued at $1,064,069,000 after buying an additional 318,704 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Electronic Arts by 24.8% in the first quarter. Ameriprise Financial Inc. now owns 9,443,219 shares of the game software company’s stock valued at $845,359,000 after buying an additional 1,877,351 shares in the last quarter. Finally, Lone Pine Capital LLC boosted its stake in shares of Electronic Arts by 9.3% in the fourth quarter. Lone Pine Capital LLC now owns 9,422,175 shares of the game software company’s stock valued at $742,091,000 after buying an additional 803,155 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Electronic Arts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.