Investors Buy Electronic Arts (EA) on Weakness on Insider Selling

Traders bought shares of Electronic Arts Inc. (NASDAQ:EA) on weakness during trading hours on Friday after an insider sold shares in the company. $62.38 million flowed into the stock on the tick-up and $45.00 million flowed out of the stock on the tick-down, for a money net flow of $17.38 million into the stock. Of all equities tracked, Electronic Arts had the 24th highest net in-flow for the day. Electronic Arts traded down ($1.95) for the day and closed at $106.02Specifically, EVP Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $118.10, for a total transaction of $177,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $107.50, for a total transaction of $107,500.00. Following the transaction, the senior vice president now directly owns 18,950 shares of the company’s stock, valued at approximately $2,037,125. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,874 shares of company stock valued at $7,559,021. Corporate insiders own 2.55% of the company’s stock.

Several research firms recently commented on EA. Vetr lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target on the stock. in a research report on Monday. Buckingham Research set a $143.00 target price on shares of Electronic Arts and gave the company a “buy” rating in a research report on Sunday, November 19th. Zacks Investment Research lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Electronic Arts in a research report on Friday, October 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $128.00 target price (up previously from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Six research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $123.19.

The stock has a market capitalization of $33,394.51, a PE ratio of 27.90, a price-to-earnings-growth ratio of 1.78 and a beta of 0.61. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. raised its stake in shares of Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after acquiring an additional 783 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Electronic Arts by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after acquiring an additional 1,063 shares during the period. Dupont Capital Management Corp purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $183,000. GHP Investment Advisors Inc. purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $202,000. Finally, Texas Yale Capital Corp. purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 93.51% of the company’s stock.

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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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