Electronic Arts Inc. (EA) CFO Sells $1,002,700.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,000 shares of Electronic Arts stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total value of $1,002,700.00. Following the transaction, the chief financial officer now directly owns 169,614 shares of the company’s stock, valued at $17,007,195.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Electronic Arts Inc. (NASDAQ EA) opened at $104.37 on Friday. The company has a market capitalization of $31,771.74, a price-to-earnings ratio of 26.52, a PEG ratio of 1.70 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 $77.40 and a 1 year high of $122.79.

Several large investors have recently made changes to their positions in the company. FMR LLC grew its position in Electronic Arts by 0.7% during the second quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock valued at $3,244,778,000 after acquiring an additional 205,768 shares during the period. Bank of New York Mellon Corp grew its position in Electronic Arts by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock valued at $496,317,000 after acquiring an additional 25,397 shares during the period. Northern Trust Corp grew its position in Electronic Arts by 1.2% during the second quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock valued at $362,804,000 after acquiring an additional 40,722 shares during the period. American Century Companies Inc. grew its position in Electronic Arts by 7.8% during the third quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock valued at $320,191,000 after acquiring an additional 196,228 shares during the period. Finally, Renaissance Technologies LLC grew its position in Electronic Arts by 928.4% during the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after acquiring an additional 2,334,600 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. Buckingham Research set a $143.00 price objective on Electronic Arts and gave the stock a “buy” rating in a report on Sunday, November 19th. Zacks Investment Research cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a report on Friday, October 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $128.00 price objective (up from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Finally, Benchmark lifted their price objective on Electronic Arts from $136.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Five investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.26.

COPYRIGHT VIOLATION NOTICE: “Electronic Arts Inc. (EA) CFO Sells $1,002,700.00 in Stock” was posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://transcriptdaily.com/2017/12/08/electronic-arts-inc-ea-cfo-sells-1002700-00-in-stock.html.

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)

Receive News & Ratings for Electronic Arts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply