Electronic Arts Inc. (EA) EVP Chris Bruzzo Sells 1,500 Shares

Electronic Arts Inc. (NASDAQ:EA) EVP Chris Bruzzo sold 1,500 shares of the stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $118.81, for a total transaction of $178,215.00. Following the completion of the transaction, the executive vice president now directly owns 33,675 shares of the company’s stock, valued at approximately $4,000,926.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Chris Bruzzo also recently made the following trade(s):

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  • On Thursday, March 1st, Chris Bruzzo sold 1,500 shares of Electronic Arts stock. The stock was sold at an average price of $123.02, for a total transaction of $184,530.00.
  • On Thursday, February 1st, Chris Bruzzo sold 1,500 shares of Electronic Arts stock. The stock was sold at an average price of $128.31, for a total transaction of $192,465.00.

Electronic Arts stock opened at $118.36 on Friday. Electronic Arts Inc. has a 1 year low of $88.07 and a 1 year high of $131.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $37,184.64, a PE ratio of 34.64, a PEG ratio of 1.86 and a beta of 0.80.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.03. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.02 billion. sell-side analysts predict that Electronic Arts Inc. will post 3.66 EPS for the current fiscal year.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub raised shares of Electronic Arts from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Benchmark increased their target price on shares of Electronic Arts from $136.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Morgan Stanley increased their target price on shares of Electronic Arts from $120.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, KeyCorp increased their target price on shares of Electronic Arts from $134.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $132.81.

Institutional investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its position in Electronic Arts by 50.6% during the 3rd quarter. Pinebridge Investments L.P. now owns 4,302 shares of the game software company’s stock valued at $508,000 after purchasing an additional 1,446 shares during the period. State of Alaska Department of Revenue increased its position in Electronic Arts by 368.4% during the 4th quarter. State of Alaska Department of Revenue now owns 40,509 shares of the game software company’s stock valued at $4,253,000 after purchasing an additional 31,860 shares during the period. AMP Capital Investors Ltd increased its position in Electronic Arts by 7.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 201,750 shares of the game software company’s stock valued at $23,820,000 after purchasing an additional 14,519 shares during the period. Fox Run Management L.L.C. acquired a new stake in Electronic Arts during the 4th quarter valued at approximately $654,000. Finally, Global X Management Co. LLC increased its position in Electronic Arts by 26.4% during the 4th quarter. Global X Management Co. LLC now owns 3,770 shares of the game software company’s stock valued at $396,000 after purchasing an additional 788 shares during the period. 95.45% of the stock is owned by institutional investors.

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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.

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