Electronic Arts Inc. (NASDAQ:EA) SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $125.37, for a total transaction of $125,370.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Electronic Arts Inc. (EA) traded down $1.44 during trading on Wednesday, reaching $124.90. 3,191,070 shares of the company’s stock were exchanged, compared to its average volume of 4,640,000. The firm has a market capitalization of $38,310.00, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 2.29 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. Electronic Arts Inc. has a 12-month low of $85.23 and a 12-month high of $131.01.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.03. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. research analysts forecast that Electronic Arts Inc. will post 3.66 earnings per share for the current year.
EA has been the topic of several research reports. Goldman Sachs Group downgraded shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Oppenheimer restated a “buy” rating on shares of Electronic Arts in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Vetr downgraded 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 note on Wednesday, November 29th. Finally, Barclays decreased their price target on shares of Electronic Arts from $129.00 to $127.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. Seven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Electronic Arts presently has a consensus rating of “Buy” and an average target price of $130.34.
Institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. lifted its holdings 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 worth $12,186,000 after acquiring an additional 4,254 shares during the last quarter. Twin Capital Management Inc. lifted its holdings 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 worth $10,337,000 after acquiring an additional 12,640 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its holdings 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 worth $7,504,000 after acquiring an additional 5,413 shares during the last quarter. Swiss National Bank lifted its holdings 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 worth $134,937,000 after acquiring an additional 17,400 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings 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 worth $508,000 after acquiring an additional 1,446 shares during the last quarter. Hedge funds and other institutional investors own 90.95% of the company’s stock.
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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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