Inside Transaction: Blake Jorgensen Unloaded 10,100 Shares of Electronic Arts Inc. (NASDAQ:EA)

November 23, 2016 - By Richard Conner

Inside Transaction: Blake Jorgensen Unloaded 10,100 Shares of Electronic Arts Inc. (NASDAQ:EA)

Blake Jorgensen Insider Sell

Electronic Arts Inc’s EVP & Chief Financial Officer Blake Jorgensen sold 10,100 shares of the publicly listed company in a trade dated November 22, 2016. These shares were unloaded at the average share price which was $78.6, for a cumulative trade value of $793,647. He also unloaded 10,100 shares with a total value of about $829,715 USD in the last month. Blake Jorgensen today has 93,210 shares which are equivalent to about 0.03% of the California-Company’s total market capitalization. The deal was made on November 22, 2016 and this act was unveiled in a filing which was filed with the D.C. based-SEC. This filing is ready for review here.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Out of 17 analysts covering Electronic Arts (NASDAQ:EA), 13 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 76% are positive. $101.25 is the highest target while $67 is the lowest. The $86.75 average target is 11.58% above today’s ($77.75) stock price. Electronic Arts has been the topic of 31 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained it with “Buy” rating and $88 target price in Monday, October 17 report. Benchmark maintained the stock with “Buy” rating in Monday, May 23 report. On Friday, January 15 the stock rating was upgraded by Bank of America to “Buy”. Hilliard Lyons upgraded Electronic Arts Inc. (NASDAQ:EA) on Tuesday, February 9 to “Buy” rating. The firm earned “Buy” rating on Monday, September 12 by Stifel Nicolaus. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Stifel Nicolaus on Monday, October 26. The firm has “Buy” rating by Mizuho given on Friday, October 30. The firm has “Long-Term Buy” rating given on Wednesday, March 30 by Hilliard Lyons. The stock has “Buy” rating given by Benchmark on Wednesday, May 11. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Overweight” rating by Piper Jaffray on Monday, August 10.

Insitutional Activity: The institutional sentiment increased to 0.81 in 2016 Q2. Its up 0.10, from 0.71 in 2016Q1. The ratio increased, as 60 funds sold all Electronic Arts Inc. shares owned while 245 reduced positions. 63 funds bought stakes while 155 increased positions. They now own 299.80 million shares or 2.26% less from 306.74 million shares in 2016Q1.

Moreover, Tci Wealth Advsrs has 0% invested in Electronic Arts Inc. (NASDAQ:EA) for 70 shares. The Ohio-based Private Trust Na has invested 0.07% in Electronic Arts Inc. (NASDAQ:EA). Janney Montgomery Scott Limited holds 3,815 shares or 0% of its portfolio. Goldman Sachs Group Incorporated accumulated 0.08% or 3.29M shares. Eaton Vance Mgmt last reported 60,784 shares in the company. Tcw Gru holds 0.01% or 24,965 shares in its portfolio. River And Mercantile Asset Mgmt Llp, a United Kingdom-based fund reported 1,900 shares. California Public Employees Retirement Systems holds 0.09% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 739,600 shares. Courier Capital Corporation last reported 5,106 shares in the company. Signaturefd Ltd holds 0% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 121 shares. Raymond James Assoc holds 0.03% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 136,299 shares. Odey Asset Management accumulated 0% or 650 shares. State Teachers Retirement System has invested 0.13% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Centurylink Investment Mgmt Com has invested 0.2% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Numeric Llc holds 8,700 shares or 0.01% of its portfolio.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 40 selling transactions for $33.97 million net activity. BARKER KENNETH A had sold 15,909 shares worth $1.29M on Friday, August 19. $838,089 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by MOORE PETER R. The insider Miele Laura sold 2,600 shares worth $213,751. 8,000 shares with value of $684,879 were sold by Wilson Andrew on Monday, October 3. On Tuesday, November 1 LINZNER JOEL sold $310,824 worth of the stock or 4,000 shares. Soderlund Patrick sold $611,749 worth of stock. On Wednesday, August 31 the insider PROBST LAWRENCE F III sold $1.02M.

The stock decreased 0.65% or $0.51 during the last trading session, hitting $77.75. About 2.74 million shares traded hands. Electronic Arts Inc. (NASDAQ:EA) has risen 17.48% since April 21, 2016 and is uptrending. It has outperformed by 12.15% the S&P500.

Electronic Arts Inc. develops, markets, publishes and distributes games, content and services that can be played by clients on a range of platforms, which include consoles, personal computers , mobile phones and tablets. The company has a market cap of $23.24 billion. 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. It has a 19.8 P/E ratio. The Firm markets and sells its games and services through retail channels and through digital distribution channels.

According to Zacks Investment Research, “Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation, marketing and distribution of entertainment software and the EA.com business segment: creation, marketing and distribution of entertainment software which can be played or sold online.”

More important recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Fool.com which released: “Electronic Arts Inc. Sales Boosted by Sports, Star Wars Franchises” on November 04, 2016, also Wsj.com published article titled: “Electronic Arts Earnings: What to Watch”, Wsj.com published: “Electronic Arts Says Revenue Up, Raises Outlook” on November 01, 2016. More interesting news about Electronic Arts Inc. (NASDAQ:EA) was released by: Streetinsider.com and their article: “Form 4 ELECTRONIC ARTS INC. For: Nov 21 Filed by: Jorgensen Blake J” with publication date: November 23, 2016.

EA Company Profile

Electronic Arts Inc., incorporated on May 8, 1991, develops, markets, publishes and distributes games, content and services that can be played by clients 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 Firm markets and sells its games and services through retail channels and through digital distribution channels.

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