Insider Change: The Insider, Richard Simonson Paid for 6,575 Shares of Electronic Arts Inc. (NASDAQ:EA)

November 23, 2016 - By Vivian Park

Insider Change: The Insider, Richard Simonson Paid for 6,575 Shares of Electronic Arts Inc. (NASDAQ:EA)

Richard Simonson Insider Buy

As exposed in the D.C. based-SEC, a public report for the trade of 6,575 shares of Electronic Arts Inc by Richard Simonson was filled. Richard Simonson is at present the director of the company. The legal report was filled on November 22, 2016. These shares were purchased at average $78.1 for a share, and have a value of $513,276 US Dollars. At present, Richard Simonson owns 30,456 shares which make up roughly 0.01% of the Company’s market cap (share price times the number of shares outstanding).

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. Bank of America upgraded Electronic Arts Inc. (NASDAQ:EA) rating on Monday, January 18. Bank of America has “Buy” rating and $81 price target. The rating was maintained by Oppenheimer on Friday, October 14 with “Outperform”. As per Friday, October 30, the company rating was maintained by Mizuho. On Monday, July 27 the stock rating was maintained by M Partners with “Neutral”. The stock has “Outperform” rating given by Oppenheimer on Thursday, November 12. The firm has “Neutral” rating by Mizuho given on Wednesday, November 2. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Overweight” rating given on Friday, September 23 by Morgan Stanley. The firm has “Buy” rating given on Tuesday, February 9 by Hilliard Lyons. The firm has “Buy” rating given on Wednesday, November 2 by Benchmark. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) on Monday, October 26 with “Buy” rating.

Insitutional Activity: The institutional sentiment increased to 0.81 in 2016 Q2. Its up 0.10, from 0.71 in 2016Q1. The ratio improved, 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.

Shelton accumulated 25,530 shares or 0.17% of the stock. Caxton Ltd Partnership has invested 0.12% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Neuberger Berman Grp Inc Ltd Com, a New York-based fund reported 318,219 shares. The California-based Assetmark has invested 0% in Electronic Arts Inc. (NASDAQ:EA). Ubs Oconnor Ltd Liability Corp has 16,590 shares for 0% of their US portfolio. Dynamic Ltd has 1.38% invested in the company for 155,676 shares. Valley Natl Advisers reported 14 shares or 0% of all its holdings. Greenwood Assocs Lc has 39,282 shares for 0.92% of their US portfolio. Private Tru Na holds 3,495 shares or 0.07% of its portfolio. State Of Tennessee Treasury Department has invested 0.06% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Dekabank Deutsche Girozentrale has 35,868 shares for 0.03% of their US portfolio. United Svcs Automobile Association reported 636,234 shares or 0.17% of all its holdings. Royal Financial Bank Of Canada has 0.02% invested in the company for 443,390 shares. Timessquare Cap Ltd Liability Corporation holds 0.46% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 922,500 shares. Empire Cap Management Ltd Limited Liability Company accumulated 1.12% or 10,000 shares.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 40 sales for $33.97 million net activity. $650,732 worth of Electronic Arts Inc. (NASDAQ:EA) shares were sold by COLEMAN LEONARD S JR. Shares for $1.02M were sold by PROBST LAWRENCE F III. MOORE PETER R. sold $854,734 worth of Electronic Arts Inc. (NASDAQ:EA) on Monday, October 3. $208,924 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by SMITH SAMANTHA S. on Monday, November 14. $622,043 worth of Electronic Arts Inc. (NASDAQ:EA) was sold by Wilson Andrew on Tuesday, November 1. Another trade for 2,600 shares valued at $213,751 was sold by Miele Laura. Jorgensen Blake J sold 10,100 shares worth $840,469.

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 18 Filed by: Simonson Richard A” 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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