Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CFO Sells 1,000 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the transaction, the chief financial officer now directly owns 8,750 shares of the company’s stock, valued at approximately $1,296,575. This represents a 10.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Electronic Arts Price Performance

Shares of EA opened at $146.30 on Thursday. The company has a market capitalization of $38.37 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The firm has a 50-day simple moving average of $157.28 and a 200-day simple moving average of $148.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Analyst Upgrades and Downgrades

EA has been the subject of several analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $160.00 price target (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Morgan Stanley reiterated an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Roth Mkm raised 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. Finally, StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Institutional Investors Weigh In On Electronic Arts

Large investors have recently modified their holdings of the stock. Larson Financial Group LLC lifted its holdings in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in shares of Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after acquiring an additional 76 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Electronic Arts by 2.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after acquiring an additional 79 shares during the period. Shepherd Financial Partners LLC increased its stake in Electronic Arts by 1.6% in the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after purchasing an additional 88 shares in the last quarter. Finally, CWM LLC raised its holdings in Electronic Arts by 1.5% during the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock worth $904,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.