Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,100 shares of the stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $83.21, for a total value of $840,421.00. Following the completion of the transaction, the chief financial officer now owns 113,410 shares of the company’s stock, valued at approximately $9,436,846.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Electronic Arts Inc. (NASDAQ:EA) opened at 84.26 on Friday. Electronic Arts Inc. has a 12-month low of $53.01 and a 12-month high of $84.50. The firm has a market cap of $25.34 billion, a price-to-earnings ratio of 23.74 and a beta of 0.72. The firm has a 50-day moving average price of $81.27 and a 200-day moving average price of $73.59.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, August 2nd. The game software company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.09. The company earned $682 million during the quarter, compared to analysts’ expectations of $652.64 million. Electronic Arts had a return on equity of 24.97% and a net margin of 25.85%. Electronic Arts’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Equities research analysts anticipate that Electronic Arts Inc. will post $3.63 EPS for the current year.
Several brokerages recently issued reports on EA. Vetr raised Electronic Arts from a “sell” rating to a “buy” rating and set a $80.46 price objective for the company in a research note on Wednesday, June 22nd. MKM Partners raised their price target on Electronic Arts from $87.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Pacific Crest reaffirmed a “hold” rating on shares of Electronic Arts in a research note on Saturday, June 4th. Cowen and Company reaffirmed an “outperform” rating and set a $83.00 price target on shares of Electronic Arts in a research note on Tuesday, August 23rd. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $88.00 price target on shares of Electronic Arts in a research note on Wednesday, August 3rd. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $88.04.
Several hedge funds and other institutional investors have recently bought and sold shares of EA. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Electronic Arts during the second quarter valued at $923,000. Kentucky Retirement Systems purchased a new position in Electronic Arts during the second quarter valued at $1,943,000. Mason Street Advisors LLC purchased a new position in Electronic Arts during the second quarter valued at $3,078,000. Tobam boosted its position in Electronic Arts by 29.2% in the second quarter. Tobam now owns 898,953 shares of the game software company’s stock valued at $68,104,000 after buying an additional 203,428 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Electronic Arts by 63.1% in the second quarter. Royal Bank of Canada now owns 443,390 shares of the game software company’s stock valued at $33,592,000 after buying an additional 171,463 shares in the last quarter.
Electronic Arts Company Profile
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v.
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