Electronic Arts Inc. (NASDAQ:EA) General Counsel Jacob J. Schatz sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $96.86, for a total value of $678,020.00. Following the completion of the sale, the general counsel now owns 19,168 shares in the company, valued at $1,856,612.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Jacob J. Schatz also recently made the following trade(s):
- On Wednesday, February 20th, Jacob J. Schatz sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $102.38, for a total value of $102,380.00.
Shares of NASDAQ EA opened at $97.26 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.99. The firm has a market cap of $29.14 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.56 and a beta of 1.12. Electronic Arts Inc. has a 1 year low of $73.91 and a 1 year high of $151.26.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.43. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.20 billion. Electronic Arts had a return on equity of 22.62% and a net margin of 20.59%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $1.31 EPS. Equities research analysts forecast that Electronic Arts Inc. will post 3.79 earnings per share for the current year.
EA has been the topic of several analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $109.00 target price on shares of Electronic Arts in a research report on Thursday, February 14th. BMO Capital Markets raised their target price on Electronic Arts from $96.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th. Wedbush restated a “buy” rating and issued a $111.00 target price (down from $133.00) on shares of Electronic Arts in a research report on Wednesday, January 30th. Bank of America lowered their target price on Electronic Arts from $113.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 6th. Finally, BidaskClub cut Electronic Arts from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $111.32.
A number of hedge funds and other institutional investors have recently modified their holdings of EA. Wellington Management Group LLP boosted its stake in Electronic Arts by 705.2% during the 1st quarter. Wellington Management Group LLP now owns 4,033,498 shares of the game software company’s stock valued at $409,926,000 after purchasing an additional 3,532,571 shares in the last quarter. Norges Bank bought a new stake in shares of Electronic Arts during the 4th quarter worth $243,373,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Electronic Arts by 7,694.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,624,704 shares of the game software company’s stock worth $33,000 after acquiring an additional 2,591,032 shares in the last quarter. SRS Investment Management LLC bought a new stake in shares of Electronic Arts during the 1st quarter worth $258,911,000. Finally, Two Sigma Advisers LP boosted its stake in shares of Electronic Arts by 13,042.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,476,342 shares of the game software company’s stock worth $195,408,000 after acquiring an additional 2,457,500 shares in the last quarter. 92.60% of the stock is owned by hedge funds and other 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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