Electronic Arts Inc. (NASDAQ:EA) Director Lawrence F. Probst III sold 68,072 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $118.83, for a total transaction of $8,088,995.76. Following the transaction, the director now owns 176,348 shares of the company’s stock, valued at approximately $20,955,432.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Electronic Arts Inc. (NASDAQ:EA) traded up 0.35% during trading on Friday, reaching $116.88. 1,912,014 shares of the company were exchanged. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $120.25. The stock has a market capitalization of $36.08 billion, a price-to-earnings ratio of 31.29 and a beta of 0.72. The firm’s 50 day moving average price is $113.01 and its 200-day moving average price is $100.49.

Electronic Arts (NASDAQ:EA) last announced 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. 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 analysts’ expectations of $768.47 million. During the same period in the previous year, the business posted $0.07 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Electronic Arts Inc. will post $4.24 earnings per share for the current year.

Electronic Arts announced that its Board of Directors has initiated a share buyback plan on Tuesday, May 9th that permits the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization permits the game software company to repurchase up to 45% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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A number of large investors have recently made changes to their positions in the stock. D. Scott Neal Inc. bought a new stake in shares of Electronic Arts during the second quarter valued at $120,000. Guardian Life Insurance Co. of America boosted its stake in shares of Electronic Arts by 2.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock valued at $107,000 after buying an additional 34 shares in the last quarter. Invictus RG boosted its stake in shares of Electronic Arts by 722.0% in the first quarter. Invictus RG now owns 1,307 shares of the game software company’s stock valued at $117,000 after buying an additional 1,148 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Electronic Arts by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after buying an additional 1,063 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Electronic Arts during the second quarter valued at $195,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

EA has been the topic of several analyst reports. Pacific Crest reaffirmed an “overweight” rating and set a $112.00 price target on shares of Electronic Arts in a research report on Wednesday, April 26th. Needham & Company LLC initiated coverage on shares of Electronic Arts in a research report on Monday, July 17th. They set a “buy” rating and a $130.00 price target on the stock. Vetr raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $99.98 price target on the stock in a research report on Monday, May 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $135.00 price target (up from $123.00) on shares of Electronic Arts in a research report on Friday, July 28th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $104.00 price target on shares of Electronic Arts in a research report on Monday, May 8th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $115.19.

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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