Electronic Arts Inc. (NASDAQ:EA) CMO Chris Bruzzo sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $100.00, for a total transaction of $600,000.00. Following the transaction, the chief marketing officer now owns 36,771 shares of the company’s stock, valued at approximately $3,677,100. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Chris Bruzzo also recently made the following trade(s):

  • On Friday, June 28th, Chris Bruzzo sold 6,000 shares of Electronic Arts stock. The stock was sold at an average price of $100.74, for a total transaction of $604,440.00.
  • On Monday, July 1st, Chris Bruzzo sold 9,000 shares of Electronic Arts stock. The shares were sold at an average price of $101.38, for a total transaction of $912,420.00.

Electronic Arts stock traded down $0.39 during mid-day trading on Wednesday, reaching $99.11. The stock had a trading volume of 2,316,008 shares, compared to its average volume of 5,202,402. The firm has a market capitalization of $29.08 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 2.22 and a beta of 0.97. Electronic Arts Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $121.30. The stock’s 50-day simple moving average is $92.59 and its 200-day simple moving average is $95.07. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.52 and a current ratio of 3.52.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, July 30th. The game software company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.10). Electronic Arts had a return on equity of 19.63% and a net margin of 42.75%. The firm had revenue of $743.00 million during the quarter, compared to the consensus estimate of $724.55 million. On average, research analysts forecast that Electronic Arts Inc. will post 3.74 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on EA. TheStreet raised shares of Electronic Arts from a “c+” rating to a “b” rating in a research note on Tuesday, July 30th. Nomura initiated coverage on shares of Electronic Arts in a report on Thursday, June 6th. They issued a “buy” rating and a $120.00 target price on the stock. Stifel Nicolaus upped their price target on shares of Electronic Arts from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. KeyCorp assumed coverage on Electronic Arts in a report on Monday, July 29th. They set a “sector weight” rating for the company. Finally, Wedbush reissued an “outperform” rating and issued a $112.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $110.64.

Hedge funds have recently made changes to their positions in the business. Icon Wealth Partners LLC acquired a new position in shares of Electronic Arts during the first quarter valued at about $28,000. Valeo Financial Advisors LLC bought a new stake in shares of Electronic Arts during the second quarter worth about $28,000. Berman Capital Advisors LLC raised its holdings in shares of Electronic Arts by 70.6% in the 1st quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock worth $34,000 after acquiring an additional 142 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in shares of Electronic Arts by 86.6% in the 1st quarter. Cornerstone Advisors Inc. now owns 349 shares of the game software company’s stock worth $35,000 after acquiring an additional 162 shares during the last quarter. Finally, Bremer Bank National Association acquired a new stake in shares of Electronic Arts in the 1st quarter worth about $34,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

Electronic Arts Company Profile

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

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