Electronic Arts EVP Joel Linzner Sells 10,000 Shares (EA)
Electronic Arts (NYSE:EA) EVP Joel Linzner sold 10,000 shares of the stock on the open market in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $28.15, for a total transaction of $281,500.00. Following the completion of the sale, the executive vice president now directly owns 175,954 shares in the company, valued at approximately $4,953,105. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
EA has been the subject of a number of recent research reports. Analysts at Sterne Agee raised their price target on shares of Electronic Arts from $26.00 to $36.00 in a research note on Wednesday, January 29th. They now have a “buy” rating on the stock. Separately, analysts at Bank of America upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating in a research note 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 on Friday, January 24th. Eleven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Electronic Arts presently has an average rating of “Buy” and an average price target of $27.22.
Electronic Arts (NYSE:EA) traded up 0.76% during mid-day trading on Friday, hitting $28.00. 3,743,830 shares of the company’s stock traded hands. Electronic Arts has a 52 week low of $16.65 and a 52 week high of $28.50. The stock has a 50-day moving average of $25.13 and a 200-day moving average of $25.0. The company’s market cap is $8.669 billion.
Electronic Arts (NYSE:EA) last released its earnings data on Monday, January 27th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter 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.
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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