Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $115.25, for a total value of $1,152,500.00. Following the transaction, the chief financial officer now owns 209,614 shares in the company, valued at approximately $24,158,013.50. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Electronic Arts Inc. (NASDAQ:EA) traded up 1.44% during mid-day trading on Monday, hitting $117.11. The company had a trading volume of 2,890,041 shares. The firm has a 50-day moving average of $112.32 and a 200-day moving average of $99.99. The company has a market cap of $36.16 billion, a PE ratio of 31.35 and a beta of 0.72. Electronic Arts Inc. has a 12 month low of $73.74 and a 12 month high of $120.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.22. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The business had revenue of $775 million for the quarter, compared to the consensus estimate of $768.47 million. During the same period in the prior year, the business earned $0.07 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis. On average, analysts expect that Electronic Arts Inc. will post $4.24 EPS for the current year.

Electronic Arts declared that its board has approved a stock buyback plan on Tuesday, May 9th that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the game software company to purchase up to 45% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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A number of research analysts have recently issued reports on the company. Pacific Crest reiterated an “overweight” rating and set a $112.00 target price on shares of Electronic Arts in a research report on Wednesday, April 26th. BidaskClub lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. KeyCorp reiterated a “buy” rating on shares of Electronic Arts in a research report on Sunday, July 30th. Piper Jaffray Companies decreased their target price on Electronic Arts from $119.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 10th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $94.00 target price on shares of Electronic Arts in a research report on Thursday, April 20th. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $115.19.

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Electronic Arts by 0.7% in the second quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock valued at $3,244,778,000 after buying an additional 205,768 shares during the last quarter. Vanguard Group Inc. raised its position 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. raised its position in 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 during the last quarter. State Street Corp raised its position in 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 during the last quarter. Finally, Ameriprise Financial Inc. raised its position in 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 during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

About Electronic Arts

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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