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.
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.
COPYRIGHT VIOLATION WARNING: “Blake J. Jorgensen Sells 10,500 Shares of Electronic Arts Inc. (EA) Stock” was originally published by BBNS and is the property of of BBNS. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://baseballnewssource.com/2018/04/02/electronic-arts-inc-ea-cfo-blake-j-jorgensen-sells-10500-shares-2/2006560.html.
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.
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.