Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $117.14, for a total transaction of $1,171,400.00. Following the transaction, the chief financial officer now owns 199,614 shares in the company, valued at approximately $23,382,783.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Electronic Arts Inc. (NASDAQ EA) opened at 120.41 on Wednesday. Electronic Arts Inc. has a 12 month low of $73.74 and a 12 month high of $122.79. The firm’s 50-day moving average is $117.63 and its 200-day moving average is $104.65. The company has a market cap of $37.17 billion, a price-to-earnings ratio of 32.24 and a beta of 0.68.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.22. The business had revenue of $775.00 million during the quarter, compared to the consensus estimate of $768.47 million. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 EPS. On average, analysts anticipate that Electronic Arts Inc. will post $4.24 EPS for the current fiscal year.

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EA has been the topic of several research reports. Vetr downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $109.98 price objective on the stock. in a report on Monday, May 22nd. Credit Suisse Group restated a “buy” rating and set a $114.00 price objective on shares of Electronic Arts in a report on Sunday, May 28th. Morgan Stanley upped their price objective on shares of Electronic Arts from $114.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, June 7th. Mizuho restated a “buy” rating and set a $115.00 price objective on shares of Electronic Arts in a report on Monday, June 12th. Finally, BidaskClub downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $116.77.

Institutional investors have recently added to or reduced their stakes in the business. D. Scott Neal Inc. bought a new stake in shares of Electronic Arts during the 2nd quarter valued at about $120,000. Guardian Life Insurance Co. of America grew its stake in shares of Electronic Arts by 2.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock valued at $107,000 after purchasing an additional 34 shares during the period. Invictus RG grew its stake in shares of Electronic Arts by 722.0% during the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock valued at $117,000 after purchasing an additional 1,148 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after purchasing an additional 1,063 shares during the period. Finally, Captrust Financial Advisors bought a new stake in shares of Electronic Arts during the 2nd quarter valued at about $195,000. Institutional investors and hedge funds own 93.89% 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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