Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 200 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $85.81, for a total transaction of $17,162.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NASDAQ EA traded up $1.47 during trading hours on Thursday, reaching $82.65. The company’s stock had a trading volume of 167,266 shares, compared to its average volume of 4,373,918. The firm has a market cap of $24.53 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02. Electronic Arts Inc. has a 52 week low of $80.42 and a 52 week high of $151.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.52 and a quick ratio of 3.52.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.46. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $0.62 EPS. As a group, research analysts anticipate that Electronic Arts Inc. will post 3.87 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Barclays set a $132.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a report on Wednesday, September 5th. BidaskClub cut shares of Electronic Arts from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 31st. Piper Jaffray Companies dropped their target price on shares of Electronic Arts from $165.00 to $148.00 and set an “overweight” rating for the company in a report on Thursday, August 30th. Finally, Needham & Company LLC dropped their target price on shares of Electronic Arts from $170.00 to $150.00 and set a “buy” rating for the company in a report on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Electronic Arts has a consensus rating of “Buy” and an average target price of $134.68.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Carnegie Capital Asset Management LLC increased its position in Electronic Arts by 108.1% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 32,070 shares of the game software company’s stock valued at $2,755,000 after purchasing an additional 16,661 shares during the period. Morgan Stanley increased its position in Electronic Arts by 95.2% during the 3rd quarter. Morgan Stanley now owns 621,359 shares of the game software company’s stock valued at $74,868,000 after purchasing an additional 302,980 shares during the period. Legal & General Group Plc increased its position in Electronic Arts by 2.7% during the 3rd quarter. Legal & General Group Plc now owns 1,314,138 shares of the game software company’s stock valued at $158,321,000 after purchasing an additional 34,903 shares during the period. Lombard Odier Asset Management USA Corp increased its position in Electronic Arts by 115.3% during the 3rd quarter. Lombard Odier Asset Management USA Corp now owns 155,000 shares of the game software company’s stock valued at $18,676,000 after purchasing an additional 83,017 shares during the period. Finally, Standard Life Aberdeen plc increased its position in Electronic Arts by 6.1% during the 3rd quarter. Standard Life Aberdeen plc now owns 2,006,555 shares of the game software company’s stock valued at $241,780,000 after purchasing an additional 115,017 shares during the period. Institutional investors and hedge funds own 94.99% of the company’s stock.
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About Electronic Arts
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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