Electronic Arts (EA) EVP Jacob J. Schatz Sells 1,000 Shares of Stock

Electronic Arts (NASDAQ:EA) EVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $122.54, for a total transaction of $122,540.00. Following the completion of the sale, the executive vice president now owns 14,692 shares of the company’s stock, valued at approximately $1,800,357.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NASDAQ EA opened at $119.60 on Tuesday. 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 stock has a market cap of $37,080.35, a price-to-earnings ratio of 40.41, a price-to-earnings-growth ratio of 1.85 and a beta of 0.80. Electronic Arts has a one year low of $92.31 and a one year high of $131.13.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.02 billion. equities research analysts expect that Electronic Arts will post 3.66 EPS for the current year.



A number of brokerages recently weighed in on EA. William Blair reiterated an “outperform” rating on shares of Electronic Arts in a report on Friday, April 13th. Needham & Company LLC lifted their price objective on shares of Electronic Arts from $130.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Piper Jaffray reiterated a “buy” rating and set a $145.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Wedbush reiterated a “buy” rating and set a $136.00 price objective on shares of Electronic Arts in a report on Thursday, January 25th. Finally, Buckingham Research lifted their price objective on shares of Electronic Arts from $143.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus target price of $132.81.

Institutional investors have recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of Electronic Arts in the 4th quarter worth approximately $129,000. First Bank & Trust acquired a new stake in Electronic Arts in the 4th quarter worth approximately $134,000. Exane Derivatives acquired a new stake in Electronic Arts in the 4th quarter worth approximately $142,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Electronic Arts in the 4th quarter worth approximately $210,000. Finally, Wedbush Securities Inc. acquired a new stake in Electronic Arts in the 4th quarter worth approximately $230,000. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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