Blake J. Jorgensen Sells 10,500 Shares of Electronic Arts Inc. (EA) Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $125.97, for a total value of $1,322,685.00. Following the transaction, the chief financial officer now directly owns 141,514 shares in the company, valued at $17,826,518.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NASDAQ:EA traded down $2.52 during trading hours on Monday, reaching $118.72. The stock had a trading volume of 2,595,196 shares, compared to its average volume of 3,814,750. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. Electronic Arts Inc. has a 52 week low of $87.94 and a 52 week high of $131.13. The company has a market cap of $37,187.70, a price-to-earnings ratio of 40.11, a PEG ratio of 2.21 and a beta of 0.80.

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

A number of research firms have recently weighed in on EA. KeyCorp lifted their price objective on Electronic Arts from $134.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Vetr downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price on the stock. in a research note on Monday, December 18th. Buckingham Research lifted their target price on Electronic Arts from $143.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Robert W. Baird lifted their target price on Electronic Arts from $130.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Barclays lifted their target price on Electronic Arts from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $132.81.

Several institutional investors have recently made changes to their positions in EA. Cerebellum GP LLC purchased a new position in shares of Electronic Arts in the 4th quarter worth approximately $129,000. First Bank & Trust purchased a new position in shares of Electronic Arts in the 4th quarter worth approximately $134,000. Exane Derivatives purchased a new position in shares of Electronic Arts in the 4th quarter worth approximately $142,000. Bessemer Group Inc. boosted its holdings in shares of Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after purchasing an additional 783 shares during the period. Finally, Dupont Capital Management Corp purchased a new position in shares of Electronic Arts in the 3rd quarter worth approximately $183,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

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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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