Electronic Arts Inc. (NASDAQ:EA) Insider Sells $147,570.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, December 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00.
• On Friday, November 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00.

Electronic Arts Trading Up 0.3 %

Shares of Electronic Arts stock opened at $146.29 on Friday. The stock has a market capitalization of $38.37 billion, a P/E ratio of 37.61, a P/E/G ratio of 2.14 and a beta of 0.80. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock’s 50-day simple moving average is $157.32 and its 200 day simple moving average is $148.86.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s payout ratio is currently 19.54%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EA. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Roth Mkm boosted their price target on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a research report on Friday, October 25th. UBS Group boosted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new stake in shares of Electronic Arts during the third quarter valued at about $25,000. Reston Wealth Management LLC purchased a new position in Electronic Arts during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC increased its holdings in Electronic Arts by 156.6% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after acquiring an additional 166 shares during the period. Larson Financial Group LLC lifted its stake in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Electronic Arts by 9,280.0% in the 4th quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock valued at $69,000 after purchasing an additional 464 shares during the period. 90.23% of the stock is owned by institutional investors.

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.