Electronic Arts Inc. (NASDAQ:EA) Director Richard A. Simonson purchased 6,575 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was bought at an average cost of $78.06 per share, with a total value of $513,244.50. Following the acquisition, the director now owns 30,456 shares of the company’s stock, valued at approximately $2,377,395.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Electronic Arts Inc. (NASDAQ:EA) traded down 0.65% during trading on Tuesday, reaching $77.75. 2,737,544 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $81.13 and a 200-day moving average price of $78.81. Electronic Arts Inc. has a 52 week low of $53.01 and a 52 week high of $86.07. The stock has a market capitalization of $23.46 billion, a price-to-earnings ratio of 19.81 and a beta of 0.58.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, November 1st. The game software company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.56. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Electronic Arts had a return on equity of 23.03% and a net margin of 27.62%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Analysts predict that Electronic Arts Inc. will post $3.70 earnings per share for the current year.

Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

A number of research analysts have issued reports on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $75.00 price target on shares of Electronic Arts in a report on Tuesday. Vetr cut shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $81.97 price target for the company. in a report on Monday. MKM Partners reaffirmed a “buy” rating and issued a $95.00 price target on shares of Electronic Arts in a report on Thursday, November 3rd. Barclays PLC reaffirmed an “overweight” rating and issued a $94.00 price target (up previously from $88.00) on shares of Electronic Arts in a report on Thursday, November 3rd. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $91.00 price target (up previously from $89.00) on shares of Electronic Arts in a report on Thursday, November 3rd. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $89.11.

A number of institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in shares of Electronic Arts by 13.6% in the second quarter. FMR LLC now owns 29,807,407 shares of the game software company’s stock worth $2,258,208,000 after buying an additional 3,570,117 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Electronic Arts by 0.8% in the second quarter. Vanguard Group Inc. now owns 26,751,707 shares of the game software company’s stock worth $2,026,708,000 after buying an additional 202,429 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Electronic Arts by 2.2% in the second quarter. Ameriprise Financial Inc. now owns 11,877,969 shares of the game software company’s stock worth $899,870,000 after buying an additional 254,752 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Electronic Arts by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,194,060 shares of the game software company’s stock worth $620,782,000 after buying an additional 191,899 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Electronic Arts by 46.3% in the third quarter. JPMorgan Chase & Co. now owns 7,478,959 shares of the game software company’s stock worth $639,284,000 after buying an additional 2,367,576 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

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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.

5 Day Chart for NASDAQ:EA

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