Electronic Arts Inc. (EA) CFO Blake J. Jorgensen Sells 10,000 Shares
Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $100.27, for a total value of $1,002,700.00. Following the completion of the transaction, the chief financial officer now directly owns 169,614 shares of the company’s stock, valued at approximately $17,007,195.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Electronic Arts Inc. (NASDAQ:EA) traded down $1.87 during mid-day trading on Wednesday, reaching $101.51. The company had a trading volume of 1,195,954 shares, compared to its average volume of 2,944,238. Electronic Arts Inc. has a 12-month low of $76.42 and a 12-month high of $122.79. The firm has a market cap of $31,048.12, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.66 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.
Several equities analysts have commented on EA shares. Jefferies Group reaffirmed a “buy” rating and issued a $135.00 price target on shares of Electronic Arts in a report on Thursday, August 31st. KeyCorp reissued a “buy” rating and issued a $134.00 target price on shares of Electronic Arts in a report on Friday, August 25th. Piper Jaffray Companies reissued a “buy” rating and issued a $128.00 target price on shares of Electronic Arts in a report on Thursday, October 12th. SunTrust Banks began coverage on Electronic Arts in a report on Tuesday, October 10th. They issued a “buy” rating and a $133.00 target price for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $127.00 target price on shares of Electronic Arts in a report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $123.26.
Electronic Arts Company Profile
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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