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.
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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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