Vijayanthimala Singh Sells 1,200 Shares of Electronic Arts (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $244,932.00. Following the transaction, the insider owned 33,560 shares of the company’s stock, valued at $6,849,931.60. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, November 17th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $201.42, for a total value of $241,704.00.
• 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 shares were sold at an average price of $203.40, for a total value of $244,080.00.

Electronic Arts Stock Performance

Shares of EA stock opened at $203.63 on Thursday. The firm has a market capitalization of $50.93 billion, a price-to-earnings ratio of 59.54, a PEG ratio of 2.45 and a beta of 0.76. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $201.55 and its 200-day moving average price is $177.48. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $204.64.

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

Electronic Arts Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EA. EverSource Wealth Advisors LLC boosted its position in Electronic Arts by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock worth $425,000 after acquiring an additional 50 shares during the last quarter. Ballentine Partners LLC lifted its stake in Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after purchasing an additional 59 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of Electronic Arts by 5.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after purchasing an additional 59 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Electronic Arts by 3.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock worth $392,000 after purchasing an additional 67 shares during the last quarter. Finally, Salomon & Ludwin LLC grew its position in shares of 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 purchasing an additional 68 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on EA. Hsbc Global Res downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Citigroup upped their price target on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Jefferies Financial Group downgraded Electronic Arts from a “buy” rating to a “hold” rating and raised their price objective for the stock from $200.00 to $210.00 in a research report on Tuesday, September 30th. DZ Bank lowered Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 29th. Finally, Roth Capital downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their target price for the company from $185.00 to $210.00 in a research report on Thursday, October 2nd. Four research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average price target of $181.21.

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.