Electronic Arts Inc. (NASDAQ:EA) Insider Sells $145,000.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now directly owns 26,216 shares of the company’s stock, valued at $3,801,320. The trade was a 3.67 % 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 link.

Vijayanthimala Singh also recently made the following trade(s):

• On Monday, February 3rd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00.
• On Thursday, January 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00.

Electronic Arts Stock Down 0.5 %

NASDAQ EA opened at $144.87 on Thursday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market cap of $37.76 billion, a PE ratio of 36.86, a P/E/G ratio of 3.58 and a beta of 0.78. The stock’s 50 day moving average is $133.20 and its 200 day moving average is $144.63.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Analyst Ratings Changes

EA has been the subject of several research analyst reports. DA Davidson initiated coverage on Electronic Arts in a report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price objective for the company. 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. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Friday, January 31st. Finally, Benchmark upped their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 24th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $155.65.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC increased its position in Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock worth $185,692,000 after purchasing an additional 989,319 shares during the last quarter. FMR LLC grew its stake in shares of Electronic Arts by 224.8% in the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company’s stock worth $176,709,000 after buying an additional 835,985 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Electronic Arts by 130.0% in the 4th quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company’s stock worth $175,758,000 after buying an additional 679,032 shares during the last quarter. Norges Bank purchased a new stake in shares of Electronic Arts during the 4th quarter valued at about $96,698,000. Finally, Capital International Investors lifted its holdings in shares of Electronic Arts by 5.2% in the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock valued at $1,778,553,000 after acquiring an additional 605,796 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

About Electronic Arts

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.