Electronic Arts Inc. (EA) CFO Blake J. Jorgensen Sells 10,500 Shares

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.

A number of hedge funds and other institutional investors have recently made changes to their positions in EA. CMH Wealth Management LLC purchased a new stake in Electronic Arts during the 4th quarter valued at $1,262,000. Nisa Investment Advisors LLC raised its stake in Electronic Arts by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 100,837 shares of the game software company’s stock valued at $10,594,000 after buying an additional 686 shares during the last quarter. KAMES CAPITAL plc raised its stake in Electronic Arts by 24.1% during the 4th quarter. KAMES CAPITAL plc now owns 12,766 shares of the game software company’s stock valued at $1,342,000 after buying an additional 2,480 shares during the last quarter. Daiwa SB Investments Ltd. raised its stake in Electronic Arts by 34.4% during the 4th quarter. Daiwa SB Investments Ltd. now owns 8,680 shares of the game software company’s stock valued at $912,000 after buying an additional 2,220 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its stake in Electronic Arts by 11.5% during the 4th quarter. Sit Investment Associates Inc. now owns 57,755 shares of the game software company’s stock valued at $6,068,000 after buying an additional 5,940 shares during the last quarter. Institutional investors own 93.51% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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