Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $118.90, for a total value of $1,248,450.00. Following the transaction, the chief financial officer now owns 148,971 shares in the company, valued at $17,712,651.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Electronic Arts Inc. (NASDAQ:EA) traded down $6.51 during mid-day trading on Thursday, reaching $116.54. The company had a trading volume of 5,475,196 shares, compared to its average volume of 4,869,470. The stock has a market cap of $37,767.42, a PE ratio of 37.43, a PEG ratio of 2.24 and a beta of 0.73. Electronic Arts Inc. has a 52 week low of $81.49 and a 52 week high of $131.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 2.38.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.03. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. research analysts anticipate that Electronic Arts Inc. will post 3.66 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. KeyCorp reiterated an “overweight” rating and set a $152.00 price objective (up from $134.00) on shares of Electronic Arts in a research report on Wednesday, January 31st. Vetr lowered Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price objective on the stock. in a research report on Monday, December 18th. Buckingham Research set a $143.00 price objective on Electronic Arts and gave the company a “buy” rating in a research report on Sunday, November 19th. Zacks Investment Research lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $130.34.
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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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