Electronic Arts Inc. (NASDAQ:EA) EVP Joel Linzner sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $78.73, for a total value of $314,920.00. Following the completion of the transaction, the executive vice president now directly owns 42,936 shares of the company’s stock, valued at approximately $3,380,351.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Joel Linzner also recently made the following trade(s):

  • On Thursday, December 1st, Joel Linzner sold 4,000 shares of Electronic Arts stock. The stock was sold at an average price of $77.22, for a total value of $308,880.00.

Electronic Arts Inc. (NASDAQ:EA) opened at 78.64 on Tuesday. Electronic Arts Inc. has a 1-year low of $53.01 and a 1-year high of $86.07. The firm’s 50-day moving average price is $79.20 and its 200-day moving average price is $79.84. The firm has a market capitalization of $23.73 billion, a PE ratio of 20.04 and a beta of 0.56.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, November 1st. The game software company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.56. Electronic Arts had a net margin of 27.62% and a return on equity of 23.03%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. Electronic Arts’s revenue was up 10.2% on a year-over-year basis. On average, equities research analysts predict that Electronic Arts Inc. will post $3.70 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of EA. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Electronic Arts by 23.7% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 41,279 shares of the game software company’s stock valued at $3,127,000 after buying an additional 7,900 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Electronic Arts by 35.9% in the second quarter. Acadian Asset Management LLC now owns 3,772 shares of the game software company’s stock valued at $285,000 after buying an additional 996 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Electronic Arts by 2.1% in the second quarter.

Checchi Capital Advisers LLC now owns 3,562 shares of the game software company’s stock valued at $270,000 after buying an additional 74 shares in the last quarter. Shinko Asset Management Co. Ltd. increased its position in shares of Electronic Arts by 4,561.3% in the second quarter. Shinko Asset Management Co. Ltd. now owns 37,896 shares of the game software company’s stock valued at $2,871,000 after buying an additional 37,083 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. bought a new position in shares of Electronic Arts during the second quarter valued at about $2,590,000. Institutional investors own 99.11% of the company’s stock.

Several research firms have commented on EA. Vetr lowered Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $95.23 price objective for the company. in a research note on Monday, October 3rd. Stifel Nicolaus boosted their price objective on Electronic Arts from $87.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, October 17th. Bank of America Corporation reiterated a “buy” rating on shares of Electronic Arts in a research note on Friday, September 16th. Mizuho reiterated a “buy” rating and set a $84.00 price objective on shares of Electronic Arts in a research note on Monday, October 31st. Finally, Benchmark Co. boosted their price objective on Electronic Arts from $98.54 to $101.25 and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and a consensus price target of $89.16.

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.

The article first appeared in sportsperspectives.com

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