Electronic Arts Inc. (NASDAQ:EA) General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $113.42, for a total value of $113,420.00. Following the sale, the general counsel now directly owns 18,029 shares in the company, valued at approximately $2,044,849.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Jacob J. Schatz also recently made the following trade(s):
- On Monday, August 20th, Jacob J. Schatz sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $128.00, for a total value of $128,000.00.
Shares of EA stock traded up $2.50 during mid-day trading on Friday, hitting $106.10. The company’s stock had a trading volume of 5,189,354 shares, compared to its average volume of 3,744,535. Electronic Arts Inc. has a 52 week low of $99.63 and a 52 week high of $151.26. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.19. The firm has a market cap of $36.73 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.58.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Thursday, July 26th. The game software company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.19. The company had revenue of $749.00 million during the quarter, compared to the consensus estimate of $742.86 million. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $2.06 EPS. On average, analysts forecast that Electronic Arts Inc. will post 3.89 earnings per share for the current year.
A number of equities research analysts have weighed in on the company. Morgan Stanley reduced their target price on Electronic Arts from $130.00 to $122.00 and set an “equal weight” rating on the stock in a report on Friday, August 31st. Bank of America cut Electronic Arts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $159.00 to $126.00 in a research note on Friday, August 31st. They noted that the move was a valuation call. BidaskClub upgraded Electronic Arts from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. SunTrust Banks dropped their price target on Electronic Arts to $140.00 and set a “buy” rating for the company in a research note on Friday, August 31st. Finally, Berenberg Bank started coverage on Electronic Arts in a research note on Friday, October 5th. They issued a “buy” rating and a $145.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Electronic Arts currently has an average rating of “Buy” and an average price target of $142.38.
Several institutional investors and hedge funds have recently modified their holdings of the company. Carmignac Gestion acquired a new position in Electronic Arts during the 1st quarter valued at about $288,674,000. Egerton Capital UK LLP boosted its stake in Electronic Arts by 79.8% during the 2nd quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock valued at $569,963,000 after purchasing an additional 1,794,024 shares during the last quarter. BlackRock Inc. boosted its stake in Electronic Arts by 6.7% during the 1st quarter. BlackRock Inc. now owns 22,724,888 shares of the game software company’s stock valued at $2,755,165,000 after purchasing an additional 1,427,595 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Electronic Arts by 722.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,412,346 shares of the game software company’s stock valued at $171,233,000 after purchasing an additional 1,240,724 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its stake in Electronic Arts by 1,315.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,187,935 shares of the game software company’s stock valued at $167,521,000 after purchasing an additional 1,104,012 shares during the last quarter. Institutional investors own 92.93% 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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