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

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Electronic Arts Price Performance

EA traded up $2.46 on Wednesday, hitting $157.96. 2,289,023 shares of the company’s stock traded hands, compared to its average volume of 2,061,233. The company’s 50 day simple moving average is $145.17 and its 200-day simple moving average is $140.78. The firm has a market cap of $41.73 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 1.95 and a beta of 0.78. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $159.34. The company has a current ratio of 1.43, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Institutional Trading of Electronic Arts

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the 3rd quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new stake in Electronic Arts in the 2nd quarter worth approximately $28,000. Family Firm Inc. bought a new stake in Electronic Arts in the 2nd quarter worth approximately $33,000. New Covenant Trust Company N.A. bought a new stake in Electronic Arts in the 1st quarter worth approximately $35,000. Finally, Reston Wealth Management LLC bought a new stake in Electronic Arts in the 3rd quarter worth approximately $36,000. Institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

EA has been the topic of several recent analyst reports. TD Cowen increased their price objective on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Raymond James raised their target price on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and raised their target price for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Robert W. Baird raised their target price on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $164.39.

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.