Electronic Arts (NASDAQ:EA) Hits New 12-Month High – What’s Next?

Electronic Arts Inc. (NASDAQ:EA) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $209.36 and last traded at $209.2080, with a volume of 4619 shares traded. The stock had previously closed at $209.07.

Wall Street Analyst Weigh In

EA has been the topic of a number of research reports. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Citigroup boosted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Two analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $198.85.

Electronic Arts Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a 50 day simple moving average of $204.41 and a two-hundred day simple moving average of $202.83. The company has a market cap of $52.46 billion, a price-to-earnings ratio of 59.94, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64.

Electronic Arts Announces Dividend

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

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total value of $243,600.00. Following the transaction, the insider directly owned 26,360 shares in the company, valued at $5,351,080. The trade was a 4.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the completion of the sale, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at approximately $16,447,438.88. This trade represents a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,206 shares of company stock valued at $6,292,058 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Electronic Arts

Several institutional investors have recently made changes to their positions in the company. Ascentis Independent Advisors purchased a new position in Electronic Arts in the first quarter worth approximately $27,000. Torren Management LLC lifted its stake in shares of Electronic Arts by 235.0% in the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. MV Capital Management Inc. purchased a new position in shares of Electronic Arts during the 4th quarter worth $28,000. Asset Planning Inc acquired a new stake in shares of Electronic Arts during the 1st quarter worth about $32,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Electronic Arts during the 1st quarter worth about $32,000. Hedge funds and other institutional investors 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.