Electronic Arts Inc. (EA) CFO Sells $1,002,700.00 in Stock
Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total transaction of $1,002,700.00. Following the transaction, the chief financial officer now owns 169,614 shares of the company’s stock, valued at approximately $17,007,195.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Electronic Arts Inc. (NASDAQ EA) traded up $2.55 on Tuesday, reaching $103.38. 4,581,775 shares of the company were exchanged, compared to its average volume of 2,944,236. The stock has a market capitalization of $32,190.00, a P/E ratio of 27.25, a P/E/G ratio of 1.74 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. Electronic Arts Inc. has a 1-year low of $76.42 and a 1-year high of $122.79.
A number of brokerages have weighed in on EA. Vetr lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price for the company. in a research report on Wednesday, November 29th. KeyCorp reissued a “buy” rating and issued a $134.00 price target on shares of Electronic Arts in a report on Sunday, November 19th. Buckingham Research set a $143.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a report on Sunday, November 19th. Oppenheimer reissued a “buy” rating on shares of Electronic Arts in a report on Friday, November 17th. Finally, BMO Capital Markets lowered their price target on shares of Electronic Arts from $100.00 to $97.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $123.26.
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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.
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