Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CFO Sells 5,200 Shares of Stock

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Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 5,200 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $102.11, for a total value of $530,972.00. Following the completion of the transaction, the chief financial officer now directly owns 85,150 shares of the company’s stock, valued at approximately $8,694,666.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NASDAQ:EA traded down $0.17 on Thursday, reaching $107.34. 1,896,445 shares of the company were exchanged, compared to its average volume of 1,887,534. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.14. Electronic Arts Inc. has a 1-year low of $77.62 and a 1-year high of $108.92. The firm has a market cap of $31.22 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. The company has a 50-day moving average of $103.13 and a 200-day moving average of $98.03.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, October 29th. The game software company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. Electronic Arts had a net margin of 54.01% and a return on equity of 17.54%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, analysts forecast that Electronic Arts Inc. will post 3.75 earnings per share for the current year.

Several brokerages recently issued reports on EA. ValuEngine upgraded Electronic Arts from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Barclays restated an “equal weight” rating on shares of Electronic Arts in a report on Tuesday, October 22nd. BidaskClub upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Wedbush restated an “outperform” rating on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, Piper Jaffray Companies decreased their price target on shares of Electronic Arts from $112.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $109.65.

A number of institutional investors and hedge funds have recently made changes to their positions in EA. North Star Investment Management Corp. bought a new stake in Electronic Arts in the third quarter valued at $28,000. Sandy Spring Bank lifted its stake in Electronic Arts by 52.4% in the third quarter. Sandy Spring Bank now owns 320 shares of the game software company’s stock valued at $31,000 after buying an additional 110 shares during the last quarter. Usca Ria LLC bought a new stake in Electronic Arts in the third quarter valued at $36,000. Quest Capital Management Inc. ADV bought a new stake in Electronic Arts in the third quarter valued at $38,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in Electronic Arts in the second quarter valued at $40,000. Hedge funds and other institutional investors own 91.06% of the company’s stock.

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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