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.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ProVise Management Group LLC raised its stake in shares of Electronic Arts by 0.8% during the second quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock worth $458,000 after acquiring an additional 36 shares in the last quarter. Veritable L.P. raised its stake in shares of Electronic Arts by 1.5% during the second quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock worth $787,000 after acquiring an additional 113 shares in the last quarter. Great Lakes Advisors LLC raised its stake in shares of Electronic Arts by 3.3% during the second quarter. Great Lakes Advisors LLC now owns 3,554 shares of the game software company’s stock worth $376,000 after acquiring an additional 115 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Electronic Arts by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,033 shares of the game software company’s stock worth $2,435,000 after acquiring an additional 166 shares in the last quarter. Finally, Advisor Partners LLC raised its stake in shares of Electronic Arts by 3.5% during the second quarter. Advisor Partners LLC now owns 5,228 shares of the game software company’s stock worth $553,000 after acquiring an additional 175 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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