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.

A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in Electronic Arts by 310.8% in 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 buying an additional 1,063 shares during the last quarter. Bessemer Group Inc. boosted its position in Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after buying an additional 783 shares during the last quarter. Dupont Capital Management Corp bought a new position in Electronic Arts in the 3rd quarter valued at $183,000. Captrust Financial Advisors bought a new position in Electronic Arts in the 2nd quarter valued at $195,000. Finally, GHP Investment Advisors Inc. bought a new position in Electronic Arts in the 3rd quarter valued at $202,000. 93.78% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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