Chris Bruzzo Sells 1,500 Shares of Electronic Arts Inc. (EA) Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $113.78, for a total transaction of $170,670.00. Following the completion of the transaction, the executive vice president now owns 40,662 shares of the company’s stock, valued at $4,626,522.36. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Monday, October 2nd, Chris Bruzzo sold 1,500 shares of Electronic Arts stock. The stock was sold at an average price of $118.10, for a total transaction of $177,150.00.
  • On Friday, September 1st, Chris Bruzzo sold 1,500 shares of Electronic Arts stock. The stock was sold at an average price of $119.54, for a total transaction of $179,310.00.

Electronic Arts Inc. (NASDAQ EA) opened at $113.20 on Friday. The company has a current ratio of 2.38, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $34,948.01, a PE ratio of 29.10, a P/E/G ratio of 1.86 and a beta of 0.65.

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Several institutional investors and hedge funds have recently bought and sold shares of the stock. Suffolk Capital Management LLC purchased a new position in shares of Electronic Arts in the third quarter worth approximately $13,373,000. FDx Advisors Inc. lifted its holdings in Electronic Arts by 27.3% during the third quarter. FDx Advisors Inc. now owns 5,014 shares of the game software company’s stock valued at $592,000 after purchasing an additional 1,075 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in Electronic Arts by 144.2% during the third quarter. Candriam Luxembourg S.C.A. now owns 46,335 shares of the game software company’s stock valued at $5,470,000 after purchasing an additional 27,359 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Electronic Arts by 144.5% during the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in Electronic Arts during the third quarter valued at approximately $202,000. 94.45% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on EA shares. Stifel Nicolaus reiterated a “buy” rating on shares of Electronic Arts in a research note on Monday, July 17th. Needham & Company LLC started coverage on shares of Electronic Arts in a research note on Monday, July 17th. They issued a “buy” rating and a $130.00 price target for the company. BidaskClub upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Bank of America Corporation upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price target for the company in a research note on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 price target (up from $123.00) on shares of Electronic Arts in a research note on Friday, July 28th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $123.38.

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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