Electronic Arts (NASDAQ:EA) Insider Sells $241,704.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $201.42, for a total transaction of $241,704.00. Following the transaction, the insider owned 34,760 shares of the company’s stock, valued at approximately $7,001,359.20. This trade represents a 3.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, October 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $200.31, for a total value of $240,372.00.
• On Monday, September 29th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $203.40, for a total value of $244,080.00.
• On Monday, September 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $171.52, for a total value of $205,824.00.
• On Wednesday, August 27th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $172.26, for a total value of $206,712.00.

Electronic Arts Stock Down 0.2%

Shares of EA opened at $200.69 on Friday. The stock has a 50 day moving average price of $195.40 and a 200 day moving average price of $170.57. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $50.05 billion, a price-to-earnings ratio of 58.68, a PEG ratio of 3.04 and a beta of 0.74.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the firm earned $1.11 EPS. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be issued a $0.19 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 22.22%.

Institutional Investors Weigh In On Electronic Arts

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriflex Group Inc. grew its holdings in shares of Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the period. Oakworth Capital Inc. acquired a new position in Electronic Arts in the third quarter valued at about $30,000. Salomon & Ludwin LLC lifted its position in Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after buying an additional 68 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after buying an additional 95 shares during the period. Finally, MTM Investment Management LLC purchased a new position in Electronic Arts during the second quarter worth about $30,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the topic of a number of research reports. Citigroup raised their target price on shares of Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Wells Fargo & Company set a $168.00 price objective on Electronic Arts and gave the stock an “equal weight” rating in a research report on Monday, July 28th. BMO Capital Markets boosted their price objective on Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 30th. DA Davidson raised their target price on Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, August 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average target price of $181.64.

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.