Electronic Arts Inc. (EA) General Counsel Sells $143,610.00 in Stock

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Electronic Arts Inc. (NASDAQ:EA) General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $143.61, for a total transaction of $143,610.00. Following the completion of the transaction, the general counsel now owns 20,930 shares in the company, valued at approximately $3,005,757.30. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Electronic Arts opened at $141.26 on Friday, according to Marketbeat.com. Electronic Arts Inc. has a 52 week low of $99.63 and a 52 week high of $147.13. The stock has a market cap of $43.85 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.23 and a beta of 0.77. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.22.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 8th. The game software company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.14. Electronic Arts had a net margin of 20.25% and a return on equity of 28.51%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. sell-side analysts forecast that Electronic Arts Inc. will post 4.27 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the stock. Wedbush set a $138.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Thursday, May 3rd. William Blair reiterated an “outperform” rating on shares of Electronic Arts in a research note on Friday, April 13th. Zacks Investment Research cut shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Friday, April 6th. ValuEngine upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Vetr raised Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $142.00 target price for the company in a research report on Monday, March 19th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $144.91.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brasada Capital Management LP grew its stake in shares of Electronic Arts by 48.6% during the 1st quarter. Brasada Capital Management LP now owns 3,861 shares of the game software company’s stock valued at $468,000 after acquiring an additional 1,263 shares during the period. Ibex Wealth Advisors grew its stake in shares of Electronic Arts by 3.2% during the 1st quarter. Ibex Wealth Advisors now owns 24,589 shares of the game software company’s stock valued at $2,919,000 after acquiring an additional 758 shares during the period. Suntrust Banks Inc. grew its stake in shares of Electronic Arts by 28.0% during the 1st quarter. Suntrust Banks Inc. now owns 27,454 shares of the game software company’s stock valued at $3,327,000 after acquiring an additional 6,010 shares during the period. Amalgamated Bank grew its stake in shares of Electronic Arts by 10.8% during the 1st quarter. Amalgamated Bank now owns 44,041 shares of the game software company’s stock valued at $5,340,000 after acquiring an additional 4,300 shares during the period. Finally, Summit Trail Advisors LLC grew its stake in shares of Electronic Arts by 13,456.4% during the 1st quarter. Summit Trail Advisors LLC now owns 176,640 shares of the game software company’s stock valued at $177,000 after acquiring an additional 175,337 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

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

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