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 company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $116.32, for a total transaction of $116,320.00. Following the completion of the transaction, the senior vice president now owns 17,950 shares of the company’s stock, valued at $2,087,944. The sale was disclosed in a filing with the SEC, which is available at this link.

Electronic Arts Inc. (NASDAQ:EA) traded down $0.32 during trading hours on Tuesday, reaching $117.67. 3,426,430 shares of the company’s stock were exchanged, compared to its average volume of 3,440,000. The company has a market cap of $36,330.00, a price-to-earnings ratio of 31.05, a P/E/G ratio of 1.91 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38. Electronic Arts Inc. has a 1-year low of $79.26 and a 1-year high of $122.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, October 31st. The game software company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%. sell-side analysts anticipate that Electronic Arts Inc. will post 3.69 EPS for the current fiscal year.

Several research analysts have commented on EA shares. Zacks Investment Research upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Friday, October 27th. Wedbush restated a “buy” rating on shares of Electronic Arts in a report on Tuesday, January 2nd. Oppenheimer restated a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a report on Wednesday, January 17th. Goldman Sachs Group lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Barclays assumed coverage on shares of Electronic Arts in a report on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the stock. Electronic Arts has a consensus rating of “Buy” and an average target price of $123.28.

A number of large investors have recently added to or reduced their stakes in EA. Thrivent Financial For Lutherans increased its stake in Electronic Arts by 3.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 11,690 shares of the game software company’s stock valued at $1,236,000 after purchasing an additional 390 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Electronic Arts by 5.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 37,852 shares of the game software company’s stock valued at $4,002,000 after purchasing an additional 1,863 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in Electronic Arts during the 2nd quarter valued at about $302,000. ETRADE Capital Management LLC increased its stake in Electronic Arts by 8.6% during the 2nd quarter. ETRADE Capital Management LLC now owns 8,654 shares of the game software company’s stock valued at $915,000 after purchasing an additional 688 shares in the last quarter. Finally, M&T Bank Corp increased its stake in Electronic Arts by 5.3% during the 2nd quarter. M&T Bank Corp now owns 32,324 shares of the game software company’s stock valued at $3,419,000 after purchasing an additional 1,640 shares in the last quarter. Institutional investors and hedge funds own 93.55% of the company’s stock.

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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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