Blake J. Jorgensen Sells 10,000 Shares of Electronic Arts Inc. (EA) Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $107.90, for a total value of $1,079,000.00. Following the completion of the sale, the chief financial officer now directly owns 229,614 shares in the company, valued at $24,775,350.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Electronic Arts Inc. (NASDAQ:EA) traded down 0.02% on Friday, hitting $110.51. 9,608,229 shares of the company’s stock traded hands. Electronic Arts Inc. has a one year low of $71.01 and a one year high of $116.04. The stock has a 50-day moving average of $107.35 and a 200-day moving average of $90.48. The stock has a market cap of $34.26 billion, a PE ratio of 35.88 and a beta of 0.59.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, May 9th. The game software company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.03. Electronic Arts had a net margin of 19.96% and a return on equity of 27.60%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company posted $0.50 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. On average, equities analysts forecast that Electronic Arts Inc. will post $4.22 earnings per share for the current fiscal year.

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

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A number of hedge funds have recently made changes to their positions in the stock. Guardian Life Insurance Co. of America boosted its stake in shares of Electronic Arts by 2.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock valued at $107,000 after buying an additional 34 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Electronic Arts by 3,410.0% in the fourth quarter. Bessemer Group Inc. now owns 1,404 shares of the game software company’s stock valued at $111,000 after buying an additional 1,364 shares in the last quarter. Invictus RG boosted its stake in shares of Electronic Arts by 722.0% in the first quarter. Invictus RG now owns 1,307 shares of the game software company’s stock valued at $117,000 after buying an additional 1,148 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Electronic Arts during the fourth quarter valued at about $118,000. Finally, Commerce Bank acquired a new stake in shares of Electronic Arts during the first quarter valued at about $203,000. 98.35% of the stock is owned by institutional investors.

A number of brokerages have recently commented on EA. Morgan Stanley boosted their price target on Electronic Arts from $114.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 7th. Credit Suisse Group reaffirmed a “buy” rating and issued a $114.00 price objective on shares of Electronic Arts in a research report on Sunday, May 28th. Mizuho reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Electronic Arts in a research report on Monday. BidaskClub cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Vetr raised Electronic Arts from a “sell” rating to a “hold” rating and set a $109.98 price objective on the stock in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $103.50.

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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