Electronic Arts (NASDAQ:EA) Insider Sells $240,972.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the transaction, the insider directly owned 27,560 shares of the company’s stock, valued at approximately $5,534,323.60. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $203.25, for a total transaction of $243,900.00.
• On Monday, March 16th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $199.69, for a total transaction of $239,628.00.
• On Tuesday, February 17th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $200.63, for a total transaction of $240,756.00.

Electronic Arts Trading Up 0.2%

NASDAQ:EA traded up $0.41 during trading hours on Monday, reaching $201.05. 2,291,810 shares of the company were exchanged, compared to its average volume of 2,284,825. The firm has a market cap of $50.41 billion, a price-to-earnings ratio of 57.61, a PEG ratio of 2.21 and a beta of 0.66. The stock has a 50 day simple moving average of $201.76 and a 200 day simple moving average of $202.20. Electronic Arts Inc. has a 52-week low of $141.19 and a 52-week high of $204.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s payout ratio is 21.78%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EA. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a report on Monday, May 4th. Citigroup raised their target price on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $196.64.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EA. Pentwater Capital Management LP increased its stake in Electronic Arts by 128.1% during the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after purchasing an additional 6,150,000 shares during the last quarter. Norges Bank acquired a new stake in Electronic Arts during the fourth quarter worth about $643,674,000. HBK Investments L P acquired a new stake in Electronic Arts during the fourth quarter worth about $390,267,000. Ameriprise Financial Inc. grew its holdings in shares of Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after purchasing an additional 1,300,336 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Electronic Arts during the fourth quarter valued at approximately $165,153,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.