Electronic Arts Inc. (EA) CFO Blake J. Jorgensen Sells 10,000 Shares

Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $118.43, for a total value of $1,184,300.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Electronic Arts Inc. (NASDAQ:EA) traded up 0.48% on Friday, reaching $120.09. 1,912,895 shares of the company traded hands. The firm has a market cap of $37.08 billion, a P/E ratio of 32.15 and a beta of 0.69. The stock has a 50-day moving average price of $118.53 and a 200-day moving average price of $108.45. Electronic Arts Inc. has a 52-week low of $73.74 and a 52-week high of $122.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.22. The firm had revenue of $775.00 million during the quarter, compared to the consensus estimate of $768.47 million. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS. Analysts anticipate that Electronic Arts Inc. will post $4.25 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in EA. Guardian Life Insurance Co. of America increased its position in Electronic Arts by 2.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after purchasing an additional 34 shares in the last quarter. Invictus RG increased its position in Electronic Arts by 722.0% in the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock valued at $117,000 after acquiring an additional 1,148 shares during the period. D. Scott Neal Inc. acquired a new position in Electronic Arts in the 2nd quarter valued at approximately $120,000. Tower Research Capital LLC TRC increased its position in Electronic Arts by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after acquiring an additional 1,063 shares during the period. Finally, Captrust Financial Advisors acquired a new position in Electronic Arts in the 2nd quarter valued at approximately $195,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

A number of research analysts have recently commented on EA shares. Stifel Nicolaus reiterated a “buy” rating and issued a $127.00 price objective on shares of Electronic Arts in a report on Friday. Barclays PLC began coverage on Electronic Arts in a research report on Wednesday. They issued an “overweight” rating and a $129.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating and set a $128.00 price objective (up from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Buckingham Research began coverage on Electronic Arts in a research report on Wednesday, September 20th. They set a “buy” rating and a $143.00 price objective for the company. Finally, Benchmark Co. increased their price objective on Electronic Arts from $136.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $120.93.

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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