Electronic Arts Inc. (NASDAQ:EA) Director Lawrence F. Probst III sold 55,850 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the sale, the director now owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Electronic Arts Inc. (NASDAQ:EA) traded down 1.80% on Friday, hitting $119.31. 2,751,464 shares of the stock were exchanged. The company has a market cap of $36.83 billion, a PE ratio of 31.94 and a beta of 0.68. Electronic Arts Inc. has a 12 month low of $73.74 and a 12 month high of $122.79. The company has a 50-day moving average price of $116.33 and a 200 day moving average price of $103.28.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.22. The business had revenue of $775 million for the quarter, compared to analysts’ expectations of $768.47 million. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. Equities analysts forecast that Electronic Arts Inc. will post $4.24 EPS for the current fiscal year.

Electronic Arts declared that its board has initiated a stock buyback plan on Tuesday, May 9th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the game software company to reacquire up to 45% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

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Several equities research analysts have recently weighed in on the stock. Robert W. Baird reiterated an “outperform” rating on shares of Electronic Arts in a research report on Thursday, May 11th. UBS AG reiterated a “buy” rating and set a $112.00 price objective (up from $96.00) on shares of Electronic Arts in a research report on Thursday, May 11th. Jefferies Group LLC reiterated a “buy” rating and set a $123.00 price objective (up from $110.00) on shares of Electronic Arts in a research report on Wednesday, May 10th. BidaskClub upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Finally, Macquarie increased their price objective on shares of Electronic Arts from $105.00 to $108.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 10th. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Electronic Arts has an average rating of “Buy” and an average price target of $115.97.

A number of institutional investors have recently bought and sold shares of EA. TimesSquare Capital Management LLC boosted its position in Electronic Arts by 0.5% in the first quarter. TimesSquare Capital Management LLC now owns 767,500 shares of the game software company’s stock valued at $68,707,000 after buying an additional 3,600 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Electronic Arts by 529.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 50,647 shares of the game software company’s stock valued at $5,354,000 after buying an additional 42,599 shares in the last quarter. Allen Investment Management LLC bought a new position in Electronic Arts during the second quarter valued at about $905,000. State Street Corp boosted its position in Electronic Arts by 2.8% in the first quarter. State Street Corp now owns 11,886,458 shares of the game software company’s stock valued at $1,064,069,000 after buying an additional 318,704 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Electronic Arts by 15.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,077,235 shares of the game software company’s stock valued at $723,074,000 after buying an additional 1,064,602 shares in the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.

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.

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

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