Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total value of $1,184,925.00. Following the sale, the chief financial officer now directly owns 159,114 shares in the company, valued at $17,956,014.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Electronic Arts Inc. (NASDAQ EA) opened at $113.13 on Friday. Electronic Arts Inc. has a 1-year low of $78.25 and a 1-year high of $122.79. The firm has a market cap of $34,930.00, a P/E ratio of 29.85, a P/E/G ratio of 1.85 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.
Several analysts have weighed in on the company. SunTrust Banks set a $130.00 price objective on Electronic Arts and gave the company a “buy” rating in a research report on Friday. Morgan Stanley cut Electronic Arts from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $112.00 to $126.00 in a research report on Friday. Vetr raised Electronic Arts from a “sell” rating to a “hold” rating and set a $104.10 price target on the stock in a research report on Thursday, January 4th. BMO Capital Markets raised Electronic Arts from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $112.39 to $97.00 in a research report on Monday, January 8th. They noted that the move was a valuation call. Finally, Wedbush reissued a “buy” rating on shares of Electronic Arts in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $122.26.
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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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