Electronic Arts Inc. (EA) Director Leonard S. Coleman, Jr. Sells 7,125 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) Director Leonard S. Coleman, Jr. sold 7,125 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $126.21, for a total transaction of $899,246.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Electronic Arts Inc. (EA) traded down $1.44 during midday trading on Thursday, hitting $124.90. 3,191,700 shares of the company traded hands, compared to its average volume of 4,446,862. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a twelve month low of $85.23 and a twelve month high of $131.01. The company has a market capitalization of $38,310.00, a PE ratio of 39.28, a PEG ratio of 2.30 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.02 billion. sell-side analysts predict that Electronic Arts Inc. will post 3.66 earnings per share for the current year.

Several equities analysts have commented on EA shares. Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Wedbush reissued a “buy” rating and set a $138.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. Stifel Nicolaus reissued a “buy” rating and set a $129.00 target price (up from $128.00) on shares of Electronic Arts in a research report on Friday, January 26th. Oppenheimer reissued a “buy” rating and set a $130.00 target price on shares of Electronic Arts in a research report on Wednesday, January 17th. Finally, Goldman Sachs Group downgraded shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus price target of $130.34.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $129,000. First Bank & Trust bought a new position in Electronic Arts during the fourth quarter worth about $134,000. Exane Derivatives bought a new position in Electronic Arts during the fourth quarter worth about $142,000. Bessemer Group Inc. lifted its stake in Electronic Arts by 144.5% during the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after purchasing an additional 783 shares during the period. Finally, Dupont Capital Management Corp bought a new position in Electronic Arts during the third quarter worth about $183,000. Institutional investors and hedge funds own 90.95% of the company’s stock.

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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.

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

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