Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CFO Sells $477,308.00 in Stock
Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 5,200 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $91.79, for a total transaction of $477,308.00. Following the sale, the chief financial officer now directly owns 111,379 shares of the company’s stock, valued at $10,223,478.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Electronic Arts stock opened at $93.49 on Friday. The firm has a market capitalization of $27.72 billion, a PE ratio of 23.79, a PEG ratio of 1.50 and a beta of 1.04. Electronic Arts Inc. has a twelve month low of $73.91 and a twelve month high of $151.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.82. The firm has a 50 day moving average of $94.88.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.43. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. On average, equities research analysts forecast that Electronic Arts Inc. will post 3.78 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in EA. Icon Wealth Partners LLC acquired a new position in Electronic Arts during the first quarter worth $28,000. Valeo Financial Advisors LLC acquired a new position in Electronic Arts during the second quarter worth $28,000. North Star Investment Management Corp. acquired a new position in Electronic Arts during the first quarter worth $29,000. Ropes Wealth Advisors LLC acquired a new position in Electronic Arts during the first quarter worth $34,000. Finally, Berman Capital Advisors LLC boosted its holdings in Electronic Arts by 70.6% during the first quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock worth $34,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 93.64% of the company’s stock.
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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