Traders Buy Shares of Electronic Arts (EA) on Weakness Following Insider Selling

Traders bought shares of Electronic Arts Inc. (NASDAQ:EA) on weakness during trading on Thursday following insider selling activity. $55.80 million flowed into the stock on the tick-up and $43.06 million flowed out of the stock on the tick-down, for a money net flow of $12.74 million into the stock. Of all equities tracked, Electronic Arts had the 33rd highest net in-flow for the day. Electronic Arts traded down ($0.25) for the day and closed at $112.00Specifically, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $113.60, for a total transaction of $113,600.00. Following the transaction, the senior vice president now owns 20,950 shares in the company, valued at approximately $2,379,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the transaction, the chief financial officer now owns 159,114 shares in the company, valued at approximately $17,956,014.90. The disclosure for this sale can be found here. Insiders have sold a total of 67,516 shares of company stock worth $7,357,395 over the last three months. Insiders own 2.55% of the company’s stock.

A number of research analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of Electronic Arts from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $112.39 to $97.00 in a research report on Monday. They noted that the move was a valuation call. Vetr upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $104.10 target price on the stock in a research report on Thursday, January 4th. Morgan Stanley reiterated an “overweight” rating and set a $128.00 target price (up previously from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Wedbush restated a “buy” rating on shares of Electronic Arts in a report on Tuesday, January 2nd. Finally, Barclays assumed coverage on shares of Electronic Arts in a report on Wednesday, October 4th. They set an “overweight” rating and a $129.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the company. Electronic Arts presently has an average rating of “Buy” and a consensus target price of $122.37.

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market cap of $34,580.00, a P/E ratio of 29.55, a PEG ratio of 1.85 and a beta of 0.61.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its stake in shares of Electronic Arts by 0.7% in the 2nd quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock worth $3,244,778,000 after acquiring an additional 205,768 shares in the last quarter. Bank of New York Mellon Corp grew its position in Electronic Arts by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock valued at $496,317,000 after buying an additional 25,397 shares during the period. Northern Trust Corp grew its position in Electronic Arts by 1.2% during the second quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock valued at $362,804,000 after buying an additional 40,722 shares during the period. American Century Companies Inc. grew its position in Electronic Arts by 7.8% during the third quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock valued at $320,191,000 after buying an additional 196,228 shares during the period. Finally, Renaissance Technologies LLC grew its position in Electronic Arts by 928.4% during the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after buying an additional 2,334,600 shares during the period. 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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