Insider Selling: Jay C. Hoag Sells 1,463,159 Shares of Electronic Arts Stock (EA)
Electronic Arts (NYSE:EA) Director Jay C. Hoag sold 1,463,159 shares of the stock on the open market in a transaction dated Thursday, February 6th. The stock was sold at an average price of $26.40, for a total transaction of $38,627,397.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Electronic Arts (NYSE:EA) traded up 1.15% on Thursday, hitting $26.46. The stock had a trading volume of 6,423,337 shares. Electronic Arts has a 52-week low of $16.65 and a 52-week high of $28.13. The stock has a 50-day moving average of $23. and a 200-day moving average of $24.90. The company’s market cap is $8.176 billion.
Electronic Arts (NYSE:EA) last released its earnings data on Monday, January 27th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.24 by $0.02. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 33.0% on a year-over-year basis. Analysts expect that Electronic Arts will post $1.32 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Sterne Agee raised their price target on shares of Electronic Arts from $26.00 to $36.00 in a research note to investors on Wednesday, January 29th. They now have a “buy” rating on the stock. Separately, analysts at Bank of America Corp. upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, January 29th. They now have a $36.00 price target on the stock, up previously from $29.00. Finally, analysts at Hudson Square Research upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note to investors on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.22.
Electronic Arts Inc develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices (NYSE:EA).
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