Electronic Arts (NASDAQ:EA) Insider Sells $501,350.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $200.54, for a total value of $501,350.00. Following the completion of the transaction, the insider directly owned 40,843 shares of the company’s stock, valued at approximately $8,190,655.22. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Laura Miele also recently made the following trade(s):

• On Wednesday, April 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $203.21, for a total value of $508,025.00.
• On Monday, March 16th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $199.95, for a total value of $499,875.00.
• On Tuesday, February 17th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $199.53, for a total transaction of $498,825.00.

Electronic Arts Stock Performance

NASDAQ:EA opened at $201.59 on Thursday. The firm has a market capitalization of $50.55 billion, a P/E ratio of 57.76, a P/E/G ratio of 2.22 and a beta of 0.66. Electronic Arts Inc. has a twelve month low of $141.19 and a twelve month high of $204.88. The company has a fifty day moving average of $201.89 and a 200-day moving average of $202.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 21.78%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EA. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Citigroup raised their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $196.64.

Institutional Investors Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ascentis Independent Advisors acquired a new position in Electronic Arts during the 1st quarter valued at about $27,000. Ameriflex Group Inc. raised its stake in shares of Electronic Arts by 100.0% in the third 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 last quarter. MV Capital Management Inc. purchased a new stake in shares of Electronic Arts in the fourth quarter worth approximately $28,000. Oakworth Capital Inc. bought a new position in shares of Electronic Arts in the third quarter valued at approximately $30,000. Finally, Asset Planning Inc bought a new position in shares of Electronic Arts in the first quarter valued at approximately $32,000. 90.23% of the stock is owned by institutional investors.

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.