Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen Sells 5,200 Shares of Stock
Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 5,200 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.75, for a total transaction of $570,700.00. Following the completion of the sale, the chief financial officer now directly owns 81,216 shares in the company, valued at approximately $8,913,456. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of EA opened at $109.61 on Thursday. Electronic Arts Inc. has a one year low of $78.00 and a one year high of $110.44. The company has a 50-day moving average of $105.90 and a two-hundred day moving average of $98.86. The stock has a market cap of $32.00 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 2.24 and a beta of 0.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.32 and a quick ratio of 3.32.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, October 29th. The game software company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. Electronic Arts had a net margin of 54.01% and a return on equity of 17.54%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Analysts anticipate that Electronic Arts Inc. will post 3.75 earnings per share for the current year.
A number of analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating on shares of Electronic Arts in a report on Wednesday, October 30th. Barclays reissued an “equal weight” rating on shares of Electronic Arts in a research note on Tuesday, October 22nd. SunTrust Banks raised their target price on shares of Electronic Arts from $107.00 to $113.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Piper Jaffray Companies lowered their target price on shares of Electronic Arts from $112.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, ValuEngine upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $109.96.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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