Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 5,200 shares of Electronic Arts stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $92.64, for a total transaction of $481,728.00. Following the sale, the chief financial officer now owns 106,739 shares of the company’s stock, valued at $9,888,300.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ EA traded down $4.24 during mid-day trading on Wednesday, hitting $88.10. The stock had a trading volume of 5,451,460 shares, compared to its average volume of 5,456,151. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.15. Electronic Arts Inc. has a 1 year low of $73.91 and a 1 year high of $130.93. The business’s 50 day moving average price is $92.82. The stock has a market capitalization of $26.58 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.08 and a beta of 1.01.
Several equities research analysts have issued reports on EA shares. Bank of America lifted their target price on shares of Electronic Arts from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their target price on shares of Electronic Arts to $114.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Benchmark reiterated a “buy” rating and set a $129.00 target price (up from $120.00) on shares of Electronic Arts in a research report on Wednesday, May 8th. Barclays set a $102.00 target price on shares of Electronic Arts and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, William Blair reiterated an “outperform” rating on shares of Electronic Arts in a research report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $113.10.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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