Electronic Arts Inc. (NASDAQ:EA) EVP Matthew Bilbey sold 1,200 shares of the company’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 $120,000.00. Following the completion of the transaction, the executive vice president now owns 9,573 shares in the company, valued at $957,300. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Matthew Bilbey also recently made the following trade(s):

  • On Monday, July 1st, Matthew Bilbey sold 600 shares of Electronic Arts stock. The stock was sold at an average price of $102.65, for a total transaction of $61,590.00.

Shares of EA traded down $0.39 during midday trading on Wednesday, hitting $99.11. The company had a trading volume of 2,316,008 shares, compared to its average volume of 5,202,678. The company’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. The firm has a market capitalization of $29.08 billion, a P/E ratio of 25.22, a P/E/G ratio of 2.22 and a beta of 0.97. Electronic Arts Inc. has a 1 year low of $73.91 and a 1 year high of $121.30.

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

A number of institutional investors have recently modified their holdings of the stock. Icon Wealth Partners LLC purchased a new position in shares of Electronic Arts in the 1st quarter valued at about $28,000. Valeo Financial Advisors LLC acquired a new position in Electronic Arts in the second quarter valued at approximately $28,000. Berman Capital Advisors LLC increased its stake in Electronic Arts by 70.6% in the first quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock valued at $34,000 after purchasing an additional 142 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in Electronic Arts by 86.6% in the first quarter. Cornerstone Advisors Inc. now owns 349 shares of the game software company’s stock valued at $35,000 after purchasing an additional 162 shares during the last quarter. Finally, Bremer Bank National Association purchased a new position in Electronic Arts in the first quarter valued at approximately $34,000. Institutional investors own 92.66% of the company’s stock.

Several analysts recently weighed in on the stock. KeyCorp started coverage on shares of Electronic Arts in a report on Monday, July 29th. They issued a “sector weight” rating for the company. Citigroup initiated coverage on Electronic Arts in a research note on Friday, June 7th. They set a “neutral” rating and a $102.00 price target on the stock. Wedbush restated an “outperform” rating and set a $112.00 price target on shares of Electronic Arts in a research note on Wednesday, September 4th. Atlantic Securities upgraded Electronic Arts from a “neutral” rating to an “overweight” rating in a research report on Wednesday, August 7th. Finally, BidaskClub raised Electronic Arts from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd. One 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 company. The company has an average rating of “Buy” and a consensus target price of $110.64.

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

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