Insider Selling: Electronic Arts Inc. (EA) SVP Sells 1,000 Shares of Stock
Electronic Arts Inc. (NASDAQ:EA) SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $113.60, for a total transaction of $113,600.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Jacob J. Schatz also recently made the following trade(s):
- On Wednesday, September 20th, Jacob J. Schatz sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $120.77, for a total transaction of $120,770.00.
Shares of Electronic Arts Inc. (NASDAQ:EA) traded down 0.24% during mid-day trading on Tuesday, reaching $113.39. 2,006,147 shares of the company were exchanged. Electronic Arts Inc. has a 12 month low of $73.74 and a 12 month high of $122.79. The stock has a market capitalization of $35.01 billion, a P/E ratio of 30.36 and a beta of 0.70. The stock has a 50 day moving average price of $117.64 and a 200-day moving average price of $110.87.
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 consensus estimate of $0.14 by $0.22. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The company had revenue of $775.00 million for the quarter, compared to analysts’ expectations of $768.47 million. During the same period in the previous year, the company posted $0.07 EPS. Electronic Arts’s revenue was up 13.6% compared to the same quarter last year. Analysts predict that Electronic Arts Inc. will post $4.25 earnings per share for the current year.
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Several large investors have recently bought and sold shares of EA. Thrivent Financial For Lutherans grew its stake in shares of Electronic Arts by 8.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 11,300 shares of the game software company’s stock worth $1,012,000 after purchasing an additional 860 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Electronic Arts by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 738,265 shares of the game software company’s stock worth $66,093,000 after purchasing an additional 18,682 shares during the period. Morgan Stanley grew its stake in shares of Electronic Arts by 34.9% during the 1st quarter. Morgan Stanley now owns 668,788 shares of the game software company’s stock worth $59,870,000 after purchasing an additional 172,851 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth $22,511,000. Finally, BlackRock Inc. grew its stake in shares of Electronic Arts by 3,420.8% during the 1st quarter. BlackRock Inc. now owns 20,764,484 shares of the game software company’s stock worth $1,858,837,000 after purchasing an additional 20,174,721 shares during the period. 94.00% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on EA. KeyCorp reiterated a “buy” rating on shares of Electronic Arts in a research note on Sunday, July 30th. Cowen and Company reiterated a “market perform” rating and set a $106.00 price objective (up previously from $90.00) on shares of Electronic Arts in a research note on Sunday, July 30th. Robert W. Baird reiterated an “outperform” rating and set a $130.00 price objective (up previously from $115.00) on shares of Electronic Arts in a research note on Sunday, July 30th. BidaskClub upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Vetr upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $121.31.
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.
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