Jacob J. Schatz Sells 1,000 Shares of Electronic Arts Inc. (EA) Stock
Electronic Arts Inc. (NASDAQ:EA) SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $125.77, for a total transaction of $125,770.00. Following the completion of the transaction, the senior vice president now owns 15,692 shares of the company’s stock, valued at approximately $1,973,582.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Electronic Arts Inc. (EA) opened at $122.98 on Friday. Electronic Arts Inc. has a 1-year low of $87.94 and a 1-year high of $131.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $38,647.73, a PE ratio of 36.00, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.02 billion. equities research analysts anticipate that Electronic Arts Inc. will post 3.66 EPS for the current year.
Institutional investors have recently modified their holdings of the business. Twin Capital Management Inc. increased its holdings in Electronic Arts by 16.9% in the third quarter. Twin Capital Management Inc. now owns 87,560 shares of the game software company’s stock valued at $10,337,000 after buying an additional 12,640 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in Electronic Arts by 50.6% in the third quarter. Pinebridge Investments L.P. now owns 4,302 shares of the game software company’s stock valued at $508,000 after buying an additional 1,446 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Electronic Arts by 368.4% in the fourth quarter. State of Alaska Department of Revenue now owns 40,509 shares of the game software company’s stock valued at $4,253,000 after buying an additional 31,860 shares in the last quarter. AMP Capital Investors Ltd increased its holdings in Electronic Arts by 7.8% in the third quarter. AMP Capital Investors Ltd now owns 201,750 shares of the game software company’s stock valued at $23,820,000 after buying an additional 14,519 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Electronic Arts in the fourth quarter valued at about $654,000. 95.45% of the stock is owned by institutional investors.
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.
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