Insider Selling: Electronic Arts Inc. (EA) SVP Sells 1,000 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $108.28, for a total transaction of $108,280.00. Following the completion of the transaction, the senior vice president now directly owns 19,950 shares of the company’s stock, valued at approximately $2,160,186. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Jacob J. Schatz also recently made the following trade(s):

  • On Wednesday, September 20th, Jacob J. Schatz sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $120.77, for a total transaction of $120,770.00.

Shares of Electronic Arts Inc. (NASDAQ:EA) traded down $0.39 on Wednesday, hitting $107.32. The company’s stock had a trading volume of 2,530,000 shares, compared to its average volume of 3,670,000. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $122.79. The firm has a market cap of $33,130.00, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 1.76 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38.

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Several research analysts recently weighed in on EA shares. Oppenheimer Holdings, Inc. set a $130.00 target price on shares of Electronic Arts and gave the company a “buy” rating in a research note on Friday, July 28th. Wedbush reissued a “buy” rating on shares of Electronic Arts in a research note on Friday, July 28th. Jefferies Group LLC restated a “buy” rating and issued a $135.00 price target (up previously from $123.00) on shares of Electronic Arts in a report on Friday, July 28th. Bank of America Corporation upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price target for the company in a report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Tuesday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $123.38.

Several institutional investors and hedge funds have recently made changes to their positions in EA. First Quadrant L P CA raised its position in shares of Electronic Arts by 88.5% in the 2nd quarter. First Quadrant L P CA now owns 9,238 shares of the game software company’s stock valued at $977,000 after purchasing an additional 4,338 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in shares of Electronic Arts in the 2nd quarter valued at approximately $666,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Electronic Arts during the 2nd quarter valued at approximately $2,355,000. Insight Capital Research & Management Inc. acquired a new stake in shares of Electronic Arts during the 2nd quarter valued at approximately $2,060,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Electronic Arts during the 2nd quarter valued at approximately $249,000. 93.59% of the stock is currently owned by institutional investors.

Electronic Arts Company Profile

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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