Insider Selling: Electronic Arts Inc. (NASDAQ:EA) Insider Sells 2,500 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the sale, the insider now directly owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Electronic Arts Price Performance

Shares of EA stock traded down $3.40 during trading hours on Friday, hitting $128.60. The company’s stock had a trading volume of 4,905,999 shares, compared to its average volume of 4,489,934. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $143.99 and a 200-day moving average of $147.33. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The stock has a market cap of $33.73 billion, a price-to-earnings ratio of 33.06, a P/E/G ratio of 2.50 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. As a group, equities research analysts anticipate that Electronic Arts Inc. will post 5.02 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.59%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Analyst Upgrades and Downgrades

EA has been the subject of several analyst reports. Oppenheimer cut their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets reduced their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday. Wedbush reiterated an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. Benchmark reduced their price objective on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Bank of America boosted their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $155.24.

Institutional Investors Weigh In On Electronic Arts

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of Electronic Arts by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after buying an additional 26,505 shares during the period. Amundi grew its position in Electronic Arts by 4.3% during the fourth quarter. Amundi now owns 2,990,729 shares of the game software company’s stock valued at $431,315,000 after acquiring an additional 122,494 shares during the period. Bank of New York Mellon Corp increased its stake in Electronic Arts by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock worth $261,772,000 after acquiring an additional 23,289 shares during the last quarter. Swedbank AB increased its stake in Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after purchasing an additional 36,153 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.