Electronic Arts Inc. (NASDAQ:EA) SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $107.50, for a total value of $107,500.00. Following the transaction, the senior vice president now directly owns 18,950 shares in the company, valued at $2,037,125. The sale was disclosed in a filing with the SEC, which is available through this link.
Electronic Arts Inc. (EA) opened at $113.13 on Friday. The firm has a market capitalization of $34,930.00, a P/E ratio of 29.85, a PEG ratio of 1.84 and a beta of 0.61. Electronic Arts Inc. has a 1 year low of $78.89 and a 1 year high of $122.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its holdings in shares of 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 purchasing an additional 783 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of 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 purchasing an additional 1,063 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Electronic Arts in the third quarter valued at approximately $183,000. GHP Investment Advisors Inc. acquired a new stake in shares of Electronic Arts in the third quarter valued at approximately $202,000. Finally, Texas Yale Capital Corp. acquired a new stake in shares of Electronic Arts in the third quarter valued at approximately $205,000. Institutional investors and hedge funds own 93.51% of the company’s stock.
A number of brokerages have recently weighed in on EA. SunTrust Banks set a $130.00 price objective on Electronic Arts and gave the company a “buy” rating in a report on Friday. Morgan Stanley downgraded Electronic Arts from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $112.00 to $126.00 in a research note on Friday. Needham & Company LLC restated a “buy” rating and issued a $130.00 target price on shares of Electronic Arts in a research note on Friday, October 13th. Robert W. Baird restated a “buy” rating and issued a $130.00 target price on shares of Electronic Arts in a research note on Wednesday, November 1st. Finally, Zacks Investment Research downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Electronic Arts has a consensus rating of “Buy” and an average price target of $122.26.
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Electronic Arts Company Profile
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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