Insider Selling: Electronic Arts (NASDAQ:EA) CFO Sells $171,060.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total transaction of $171,060.00. Following the completion of the transaction, the chief financial officer owned 15,140 shares in the company, valued at approximately $2,589,848.40. The trade was a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Electronic Arts Trading Down 0.1%

NASDAQ EA opened at $171.40 on Friday. The company’s 50-day moving average price is $158.41 and its 200-day moving average price is $147.70. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a market cap of $42.89 billion, a PE ratio of 42.96, a PEG ratio of 2.21 and a beta of 0.72. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $180.90.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 19.05%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Roth Capital upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and upped their price target for the stock from $175.00 to $185.00 in a report on Tuesday, June 24th. HSBC raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Wednesday, May 7th. Bank of America upped their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Arete raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective for the company in a research note on Tuesday, August 5th. Finally, UBS Group set a $167.00 price objective on shares of Electronic Arts and gave the stock a “neutral” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $167.12.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Stance Capital LLC bought a new position in shares of Electronic Arts during the 2nd quarter worth approximately $1,385,000. Cim Investment Management Inc. raised its stake in shares of Electronic Arts by 99.7% during the 2nd quarter. Cim Investment Management Inc. now owns 5,128 shares of the game software company’s stock worth $785,000 after acquiring an additional 2,560 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Electronic Arts by 688.5% during the 2nd quarter. Advisory Services Network LLC now owns 16,007 shares of the game software company’s stock worth $2,441,000 after acquiring an additional 13,977 shares in the last quarter. State of Wyoming raised its stake in shares of Electronic Arts by 211.6% during the 2nd quarter. State of Wyoming now owns 4,686 shares of the game software company’s stock worth $748,000 after acquiring an additional 3,182 shares in the last quarter. Finally, Hudson Bay Capital Management LP raised its stake in shares of Electronic Arts by 15.3% during the 2nd quarter. Hudson Bay Capital Management LP now owns 34,214 shares of the game software company’s stock worth $5,464,000 after acquiring an additional 4,528 shares in the last quarter. 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.