Insider Selling: Electronic Arts Inc. (EA) CFO Sells $1,184,300.00 in Stock

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.

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

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