Investors Sell Shares of Electronic Arts (EA) on Strength on Insider Selling

Traders sold shares of Electronic Arts Inc. (NASDAQ:EA) on strength during trading on Wednesday following insider selling activity. $44.31 million flowed into the stock on the tick-up and $64.86 million flowed out of the stock on the tick-down, for a money net flow of $20.55 million out of the stock. Of all stocks tracked, Electronic Arts had the 0th highest net out-flow for the day. Electronic Arts traded up $0.07 for the day and closed at $112.25Specifically, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $113.60, for a total transaction of $113,600.00. Following the transaction, the senior vice president now directly owns 20,950 shares in the company, valued at approximately $2,379,920. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total transaction of $1,002,700.00. Following the transaction, the chief financial officer now owns 169,614 shares in the company, valued at $17,007,195.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,516 shares of company stock worth $7,357,395. 2.55% of the stock is owned by corporate insiders.

Several research firms recently issued reports on EA. BMO Capital Markets raised shares of Electronic Arts from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $112.39 to $97.00 in a research note on Monday. They noted that the move was a valuation call. Vetr raised shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $104.10 price objective for the company in a research note on Thursday, January 4th. Wedbush reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Tuesday, January 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $128.00 price objective (up previously from $126.00) on shares of Electronic Arts in a research note on Monday, October 2nd. Finally, Barclays began coverage on shares of Electronic Arts in a research note on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $122.37.

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market cap of $34,650.00, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in Electronic Arts by 310.8% in the second 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 period. Bessemer Group Inc. lifted its holdings in Electronic Arts by 144.5% in the third 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 period. Dupont Capital Management Corp acquired a new position in Electronic Arts in the third quarter valued at approximately $183,000. Captrust Financial Advisors acquired a new stake in Electronic Arts in the second quarter worth $195,000. Finally, GHP Investment Advisors Inc. acquired a new stake in Electronic Arts in the third quarter worth $202,000. 93.51% of the stock is currently owned by institutional investors and hedge funds.

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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.

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