Electronic Arts Inc. (EA) EVP Chris Bruzzo Sells 1,500 Shares
Electronic Arts Inc. (NASDAQ:EA) EVP Chris Bruzzo sold 1,500 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $118.10, for a total transaction of $177,150.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Chris Bruzzo also recently made the following trade(s):
- On Friday, September 1st, Chris Bruzzo sold 1,500 shares of Electronic Arts stock. The stock was sold at an average price of $119.54, for a total transaction of $179,310.00.
Shares of Electronic Arts Inc. (EA) traded up 0.51% during mid-day trading on Wednesday, reaching $118.56. 1,642,436 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $118.39 and its 200-day moving average price is $108.07. The stock has a market cap of $36.60 billion, a price-to-earnings ratio of 31.74 and a beta of 0.69. Electronic Arts Inc. has a 12-month low of $73.74 and a 12-month high of $122.79.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.22. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The firm had revenue of $775.00 million for the quarter, compared to analysts’ expectations of $768.47 million. During the same quarter in the prior year, the business earned $0.07 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts forecast that Electronic Arts Inc. will post $4.24 earnings per share for the current year.
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Large investors have recently modified their holdings of the company. Guardian Life Insurance Co. of America lifted its stake in shares of Electronic Arts by 2.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after purchasing an additional 34 shares during the period. Invictus RG lifted its stake in shares of Electronic Arts by 722.0% in the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after purchasing an additional 1,148 shares during the period. D. Scott Neal Inc. bought a new position in shares of Electronic Arts in the 2nd quarter worth approximately $120,000. Tower Research Capital LLC TRC lifted its stake in shares of Electronic Arts by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after purchasing an additional 1,063 shares during the period. Finally, Captrust Financial Advisors bought a new position in shares of Electronic Arts in the 2nd quarter worth approximately $195,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.
Several research firms have recently weighed in on EA. Jefferies Group LLC reiterated a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a research report on Thursday, August 31st. BidaskClub upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Benchmark Co. increased their price objective on shares of Electronic Arts from $136.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Buckingham Research initiated coverage on shares of Electronic Arts in a report on Wednesday, September 20th. They issued a “buy” rating and a $143.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Electronic Arts in a report on Friday, September 8th. They issued a “buy” rating and a $136.00 price target for the company. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $119.43.
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.
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