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.
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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