Electronic Arts Inc. (EA) Insider Chris Bruzzo Sells 12,000 Shares

Electronic Arts Inc. (NASDAQ:EA) insider Chris Bruzzo sold 12,000 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $102.11, for a total transaction of $1,225,320.00. Following the transaction, the insider now owns 41,076 shares in the company, valued at approximately $4,194,270.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:EA opened at $102.33 on Wednesday. Electronic Arts Inc. has a 52 week low of $73.91 and a 52 week high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.99 and a current ratio of 2.99. The company has a market cap of $29.13 billion, a PE ratio of 29.75, a PEG ratio of 2.07 and a beta of 1.20.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, February 5th. The game software company reported $1.87 EPS for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.12. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The business’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.60) earnings per share. As a group, equities analysts predict that Electronic Arts Inc. will post 3.14 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of EA. Connor Clark & Lunn Investment Management Ltd. raised its position in Electronic Arts by 173.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,800 shares of the game software company’s stock worth $1,326,000 after acquiring an additional 10,650 shares during the period. JOYN Advisors Inc. raised its position in Electronic Arts by 44.0% in the fourth quarter. JOYN Advisors Inc. now owns 740 shares of the game software company’s stock worth $58,000 after acquiring an additional 226 shares during the period. Pitcairn Co. raised its position in Electronic Arts by 2.7% in the fourth quarter. Pitcairn Co. now owns 32,963 shares of the game software company’s stock worth $2,601,000 after acquiring an additional 880 shares during the period. NS Partners Ltd raised its position in Electronic Arts by 0.4% in the fourth quarter. NS Partners Ltd now owns 57,351 shares of the game software company’s stock worth $4,526,000 after acquiring an additional 245 shares during the period. Finally, Resources Investment Advisors Inc. raised its position in Electronic Arts by 121.8% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,178 shares of the game software company’s stock worth $93,000 after acquiring an additional 647 shares during the period. Institutional investors own 95.84% of the company’s stock.

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Electronic Arts to $106.00 and gave the company an “outperform” rating in a research report on Tuesday. Jefferies Financial Group upped their price objective on shares of Electronic Arts to $90.00 and gave the stock a “buy” rating in a report on Monday. Buckingham Research cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $90.00 to $103.00 in a report on Monday. Bank of America upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $95.00 to $110.00 in a report on Monday. Finally, BMO Capital Markets restated a “buy” rating and issued a $96.00 price objective on shares of Electronic Arts in a report on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Electronic Arts presently has an average rating of “Buy” and an average target price of $113.15.

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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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