Insider Selling: Electronic Arts Inc. (EA) Director Sells 7,125 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) Director Leonard S. Coleman, Jr. sold 7,125 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $126.21, for a total transaction of $899,246.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Electronic Arts Inc. (NASDAQ:EA) traded down $1.44 during trading hours on Wednesday, hitting $124.90. 3,191,070 shares of the company’s stock traded hands, compared to its average volume of 4,640,000. Electronic Arts Inc. has a 12-month low of $85.23 and a 12-month high of $131.01. The firm has a market capitalization of $38,310.00, a P/E ratio of 39.28, a P/E/G ratio of 2.29 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.02 billion. equities research analysts expect that Electronic Arts Inc. will post 3.66 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. grew its stake in shares of Electronic Arts by 4.3% in the third quarter. Cullen Frost Bankers Inc. now owns 103,220 shares of the game software company’s stock valued at $12,186,000 after acquiring an additional 4,254 shares in the last quarter. Twin Capital Management Inc. grew its stake in shares of Electronic Arts by 16.9% in the third quarter. Twin Capital Management Inc. now owns 87,560 shares of the game software company’s stock valued at $10,337,000 after acquiring an additional 12,640 shares in the last quarter. Moody Lynn & Lieberson LLC grew its stake in shares of Electronic Arts by 9.3% in the third quarter. Moody Lynn & Lieberson LLC now owns 63,565 shares of the game software company’s stock valued at $7,504,000 after acquiring an additional 5,413 shares in the last quarter. Swiss National Bank grew its stake in shares of Electronic Arts by 1.5% in the third quarter. Swiss National Bank now owns 1,142,955 shares of the game software company’s stock valued at $134,937,000 after acquiring an additional 17,400 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its stake in shares of Electronic Arts by 50.6% in the third quarter. Pinebridge Investments L.P. now owns 4,302 shares of the game software company’s stock valued at $508,000 after acquiring an additional 1,446 shares in the last quarter. Institutional investors and hedge funds own 90.95% of the company’s stock.

EA has been the topic of a number of research reports. Goldman Sachs Group lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. BMO Capital Markets cut their price objective on shares of Electronic Arts from $100.00 to $97.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. KeyCorp reaffirmed a “buy” rating and set a $134.00 price target on shares of Electronic Arts in a research report on Sunday, November 19th. Buckingham Research set a $143.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a research report on Sunday, November 19th. Finally, Vetr lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target on the stock. in a research report on Wednesday, November 29th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $130.34.

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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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