Electronic Arts Inc. (NASDAQ:EA) SVP Vijayanthimala Singh sold 200 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $105.20, for a total value of $21,040.00. Following the sale, the senior vice president now owns 4,928 shares of the company’s stock, valued at approximately $518,425.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Electronic Arts Inc. (EA) traded up $2.86 during mid-day trading on Friday, hitting $109.28. The company’s stock had a trading volume of 6,110,000 shares, compared to its average volume of 3,950,000. 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 $33,740.00, a P/E ratio of 28.09, a P/E/G ratio of 1.80 and a beta of 0.61. Electronic Arts Inc. has a 52 week low of $77.94 and a 52 week high of $122.79.
Institutional investors have recently bought and sold shares of the stock. Allen Investment Management LLC bought a new position in shares of Electronic Arts during the 2nd quarter worth approximately $905,000. Cullen Frost Bankers Inc. lifted its position in shares of Electronic Arts by 4.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 103,220 shares of the game software company’s stock worth $12,186,000 after buying an additional 4,254 shares during the period. Delta Lloyd Asset Management N.V. bought a new position in shares of Electronic Arts during the 2nd quarter worth approximately $3,019,000. Twin Capital Management Inc. increased its holdings in Electronic Arts by 16.9% during the 3rd quarter. Twin Capital Management Inc. now owns 87,560 shares of the game software company’s stock valued at $10,337,000 after purchasing an additional 12,640 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Electronic Arts by 5.3% during the 2nd quarter. Swiss National Bank now owns 1,125,555 shares of the game software company’s stock valued at $118,994,000 after purchasing an additional 56,300 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.
EA has been the subject of several recent analyst reports. Zacks Investment Research upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Friday, October 27th. KeyCorp restated a “buy” rating and set a $134.00 target price on shares of Electronic Arts in a research note on Friday, August 25th. Goldman Sachs Group downgraded Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Jefferies Group restated a “buy” rating and set a $135.00 target price on shares of Electronic Arts in a research note on Thursday, August 31st. Finally, Barclays initiated coverage on Electronic Arts in a research note on Wednesday, October 4th. They set an “overweight” rating and a $129.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $123.26.
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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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