Investors Sell Electronic Arts (EA) on Strength on Insider Selling

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Investors sold shares of Electronic Arts Inc. (NASDAQ:EA) on strength during trading on Thursday following insider selling activity. $151.51 million flowed into the stock on the tick-up and $186.44 million flowed out of the stock on the tick-down, for a money net flow of $34.93 million out of the stock. Of all stocks tracked, Electronic Arts had the 0th highest net out-flow for the day. Electronic Arts traded up $1.65 for the day and closed at $113.20Specifically, General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Friday, July 20th. The stock was sold at an average price of $148.19, for a total value of $148,190.00. Following the transaction, the general counsel now directly owns 19,930 shares of the company’s stock, valued at approximately $2,953,426.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 18,000 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $142.35, for a total value of $2,562,300.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at $2,847,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,250 shares of company stock worth $15,454,170. Insiders own 2.24% of the company’s stock.

A number of research firms have recently weighed in on EA. Wedbush reiterated an “outperform” rating and set a $158.00 target price on shares of Electronic Arts in a research report on Tuesday, July 31st. Stifel Nicolaus upped their target price on Electronic Arts from $157.00 to $159.00 and gave the company a “$146.56” rating in a research report on Monday, July 23rd. ValuEngine downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. SunTrust Banks cut their target price on Electronic Arts to $140.00 and set a “buy” rating for the company in a research report on Friday, August 31st. Finally, Zacks Investment Research upgraded Electronic Arts from a “sell” rating to a “hold” rating in a research report on Monday, May 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $143.00.

The company has a debt-to-equity ratio of 0.19, a current ratio of 3.84 and a quick ratio of 3.84. The stock has a market capitalization of $34.00 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 1.91 and a beta of 0.55.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Thursday, July 26th. The game software company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.19. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. The business had revenue of $749.00 million during the quarter, compared to the consensus estimate of $742.86 million. During the same period in the prior year, the company earned $2.06 EPS. Electronic Arts’s revenue for the quarter was down 3.4% on a year-over-year basis. equities analysts forecast that Electronic Arts Inc. will post 3.89 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Kaizen Advisory LLC increased its holdings in Electronic Arts by 159.5% in the 2nd quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock worth $108,000 after purchasing an additional 469 shares in the last quarter. Alpha Windward LLC acquired a new position in Electronic Arts in the 2nd quarter worth about $113,000. Sun Life Financial INC increased its holdings in Electronic Arts by 389.4% in the 2nd quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock worth $117,000 after purchasing an additional 662 shares in the last quarter. Private Capital Group LLC increased its holdings in Electronic Arts by 781.5% in the 1st quarter. Private Capital Group LLC now owns 952 shares of the game software company’s stock worth $115,000 after purchasing an additional 844 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in Electronic Arts by 33,333.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,003 shares of the game software company’s stock worth $122,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

About Electronic Arts (NASDAQ:EA)

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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