Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $118.43, for a total value of $1,184,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Electronic Arts Inc. (NASDAQ EA) opened at 120.09 on Monday. The company’s 50-day moving average price is $118.53 and its 200 day moving average price is $108.45. The firm has a market cap of $37.08 billion, a PE ratio of 32.15 and a beta of 0.70. Electronic Arts Inc. has a 1-year low of $73.74 and a 1-year high of $122.79.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.22. The business had revenue of $775.00 million during the quarter, compared to analyst estimates of $768.47 million. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. Electronic Arts’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. On average, analysts predict that Electronic Arts Inc. will post $4.25 EPS for the current year.
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Several research firms have commented on EA. Stifel Nicolaus reiterated a “buy” rating and issued a $127.00 target price on shares of Electronic Arts in a research report on Friday. Barclays PLC began coverage on Electronic Arts in a research report on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 target price for the company. Morgan Stanley reiterated an “overweight” rating and issued a $128.00 target price (up from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Buckingham Research began coverage on Electronic Arts in a research report on Wednesday, September 20th. They issued a “buy” rating and a $143.00 target price for the company. Finally, Benchmark Co. increased their target price on Electronic Arts from $136.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $120.93.
Several hedge funds have recently bought and sold shares of EA. Guardian Life Insurance Co. of America grew its holdings in shares of Electronic Arts by 2.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after acquiring an additional 34 shares during the period. Invictus RG grew its stake in shares of Electronic Arts by 722.0% in the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after buying an additional 1,148 shares during the last quarter. D. Scott Neal Inc. purchased a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $120,000. Tower Research Capital LLC TRC grew its stake in shares of Electronic Arts by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after buying an additional 1,063 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $195,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.
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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