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Electronic Arts (NASDAQ:EA) Insider Frank D. Gibeau sold 44,405 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $37.30, for a total transaction of $1,656,306.50. Following the completion of the sale, the insider now directly owns 153,908 shares of the company’s stock, valued at approximately $5,740,768. The transaction was disclosed in a filing with the SEC, which is available at this link.

Electronic Arts (NASDAQ:EA) traded up 1.47% during mid-day trading on Wednesday, hitting $37.555. 2,950,984 shares of the company’s stock traded hands. Electronic Arts has a one year low of $20.47 and a one year high of $38.64. The stock has a 50-day moving average of $35.85 and a 200-day moving average of $32.12. The company has a market cap of $11.740 billion and a P/E ratio of 95.88.

Electronic Arts (NASDAQ:EA) last released its earnings data on Tuesday, July 22nd. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.23. The company had revenue of $775.00 million for the quarter, compared to the consensus estimate of $709.15 million. During the same quarter in the prior year, the company posted ($0.40) earnings per share. The company’s quarterly revenue was up 56.6% on a year-over-year basis. Analysts expect that Electronic Arts will post $1.92 EPS for the current fiscal year.

A number of research firms have recently commented on EA. Analysts at Wedbush raised their price target on shares of Electronic Arts from $43.00 to $49.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Electronic Arts from $40.00 to $46.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Electronic Arts from $38.00 to $44.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $41.49.

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.

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