Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 1,250 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $93.83, for a total transaction of $117,287.50. Following the completion of the sale, the insider now owns 10,961 shares in the company, valued at $1,028,470.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NASDAQ:EA opened at $92.23 on Wednesday. The company has a current ratio of 3.52, a quick ratio of 3.84 and a debt-to-equity ratio of 0.19. The company has a market cap of $28.18 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 1.59 and a beta of 0.96. Electronic Arts Inc. has a fifty-two week low of $89.12 and a fifty-two week high of $151.26.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.46. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. Electronic Arts’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. On average, equities analysts predict that Electronic Arts Inc. will post 3.87 earnings per share for the current fiscal year.
EA has been the topic of a number of analyst reports. Wedbush restated an “outperform” rating and set a $158.00 target price on shares of Electronic Arts in a research report on Tuesday, July 31st. ValuEngine lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Stifel Nicolaus raised their target price on shares of Electronic Arts from $157.00 to $159.00 and gave the stock a “$146.56” rating in a research report on Monday, July 23rd. SunTrust Banks decreased their target price on shares of Electronic Arts to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 31st. Finally, BidaskClub lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $134.68.
A number of large investors have recently bought and sold shares of EA. Massachusetts Financial Services Co. MA raised its stake in Electronic Arts by 31.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock worth $1,168,422,000 after purchasing an additional 2,339,158 shares during the period. Egerton Capital UK LLP raised its stake in Electronic Arts by 79.8% during the second quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock worth $569,963,000 after purchasing an additional 1,794,024 shares during the period. NN Investment Partners Holdings N.V. raised its stake in Electronic Arts by 1,315.5% during the second quarter. NN Investment Partners Holdings N.V. now owns 1,187,935 shares of the game software company’s stock worth $167,521,000 after purchasing an additional 1,104,012 shares during the period. Advisors Asset Management Inc. raised its stake in Electronic Arts by 3,732.8% during the second quarter. Advisors Asset Management Inc. now owns 951,463 shares of the game software company’s stock worth $4,094,000 after purchasing an additional 926,639 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Electronic Arts during the third quarter worth approximately $66,023,000. 94.21% of the stock is currently owned by institutional investors.
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Electronic Arts Company Profile
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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