Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.76, for a total transaction of $187,520.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of EA stock traded up $0.56 during trading hours on Friday, hitting $93.88. 3,906,864 shares of the company’s stock traded hands, compared to its average volume of 4,937,673. Electronic Arts Inc. has a 12-month low of $73.91 and a 12-month high of $151.26. The firm has a market capitalization of $27.96 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 1.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.99 and a current ratio of 2.82.
Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.43. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business earned $1.31 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 3.67 earnings per share for the current fiscal year.
Several analysts have commented on the stock. Bank of America raised their price objective on shares of Electronic Arts from $110.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, February 19th. Stifel Nicolaus restated a “buy” rating and issued a $109.00 price objective on shares of Electronic Arts in a report on Thursday, February 14th. BMO Capital Markets raised their price objective on shares of Electronic Arts from $96.00 to $116.00 and gave the stock an “outperform” rating in a report on Wednesday, February 13th. Robert W. Baird raised their price objective on shares of Electronic Arts to $106.00 and gave the stock an “outperform” rating in a report on Tuesday, February 12th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $114.00 price objective (up from $111.00) on shares of Electronic Arts in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company’s stock. Electronic Arts has a consensus rating of “Buy” and a consensus target price of $111.32.
Several hedge funds have recently added to or reduced their stakes in the company. Quinn Opportunity Partners LLC lifted its stake in Electronic Arts by 150.0% in the 4th quarter. Quinn Opportunity Partners LLC now owns 10,000 shares of the game software company’s stock worth $789,000 after purchasing an additional 6,000 shares in the last quarter. Weatherly Asset Management L. P. grew its stake in Electronic Arts by 42.8% in the 4th quarter. Weatherly Asset Management L. P. now owns 8,153 shares of the game software company’s stock worth $643,000 after acquiring an additional 2,445 shares in the last quarter. Beech Hill Advisors Inc. grew its stake in Electronic Arts by 99.8% in the 4th quarter. Beech Hill Advisors Inc. now owns 29,925 shares of the game software company’s stock worth $2,361,000 after acquiring an additional 14,945 shares in the last quarter. Fir Tree Capital Management LP bought a new position in Electronic Arts in the 4th quarter worth about $56,815,000. Finally, Financial Advocates Investment Management grew its stake in Electronic Arts by 2,318.9% in the 4th quarter. Financial Advocates Investment Management now owns 7,305 shares of the game software company’s stock worth $340,000 after acquiring an additional 7,003 shares in the last quarter. Hedge funds and other institutional investors own 92.86% of the company’s stock.
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Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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