Electronic Arts Inc. (NASDAQ:EA) insider Chris Bruzzo sold 12,000 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $102.11, for a total transaction of $1,225,320.00. Following the completion of the sale, the insider now directly owns 41,076 shares in the company, valued at $4,194,270.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Electronic Arts stock opened at $102.25 on Thursday. The stock has a market capitalization of $29.13 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 2.07 and a beta of 1.20. Electronic Arts Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $151.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.99 and a quick ratio of 2.99.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.75 billion. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The company’s revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.60) earnings per share. On average, sell-side analysts predict that Electronic Arts Inc. will post 3.14 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Baystate Wealth Management LLC raised its position in shares of Electronic Arts by 373.1% during the 4th quarter. Baystate Wealth Management LLC now owns 317 shares of the game software company’s stock worth $29,000 after purchasing an additional 250 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $28,000. Bremer Trust National Association acquired a new position in shares of Electronic Arts during the 4th quarter worth about $35,000. Whittier Trust Co. raised its position in shares of Electronic Arts by 37.0% during the 4th quarter. Whittier Trust Co. now owns 529 shares of the game software company’s stock worth $42,000 after purchasing an additional 143 shares during the last quarter. Finally, IMS Capital Management acquired a new position in shares of Electronic Arts during the 3rd quarter worth about $70,000. Institutional investors and hedge funds own 95.84% of the company’s stock.
Several research firms have commented on EA. SunTrust Banks set a $105.00 price target on shares of Electronic Arts and gave the company a “buy” rating in a report on Tuesday, January 8th. Credit Suisse Group lowered their price target on shares of Electronic Arts from $127.00 to $126.00 and set an “outperform” rating on the stock in a report on Wednesday, October 31st. Piper Jaffray Companies lowered their price target on shares of Electronic Arts from $148.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, December 10th. ValuEngine lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $113.92.
About Electronic Arts
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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