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.
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.
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.