Electronic Arts Inc. (NASDAQ:EA) SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $125.77, for a total value of $125,770.00. Following the completion of the sale, the senior vice president now directly owns 15,692 shares of the company’s stock, valued at approximately $1,973,582.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Electronic Arts stock traded down $3.02 on Thursday, reaching $122.98. The company had a trading volume of 2,712,232 shares, compared to its average volume of 3,916,181. Electronic Arts Inc. has a twelve month low of $87.94 and a twelve month high of $131.13. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.24. The company has a market cap of $38,908.45, a PE ratio of 38.43, a PEG ratio of 2.31 and a beta of 0.76.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.03. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. analysts predict that Electronic Arts Inc. will post 3.66 earnings per share for the current year.
Several research firms have recently commented on EA. BidaskClub raised Electronic Arts from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Benchmark increased their price objective on Electronic Arts from $136.00 to $141.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Morgan Stanley increased their price objective on Electronic Arts from $120.00 to $126.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. KeyCorp increased their price objective on Electronic Arts from $134.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Barclays increased their price objective on Electronic Arts from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $132.81.
About Electronic Arts
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.
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