Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz Sells 1,500 Shares

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the transaction, the executive vice president now owns 24,886 shares in the company, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Electronic Arts Trading Down 1.0 %

NASDAQ:EA opened at $154.79 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The firm has a market capitalization of $40.60 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 2.14 and a beta of 0.79. The business’s 50-day moving average price is $156.52 and its two-hundred day moving average price is $147.93.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.49%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Institutional Investors Weigh In On Electronic Arts

Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Electronic Arts by 18.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,419 shares of the game software company’s stock valued at $1,173,000 after purchasing an additional 1,294 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Electronic Arts by 230.3% during the 2nd quarter. Blue Trust Inc. now owns 1,242 shares of the game software company’s stock worth $165,000 after acquiring an additional 866 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Electronic Arts by 61.9% in the second quarter. Raymond James & Associates now owns 116,919 shares of the game software company’s stock valued at $16,290,000 after purchasing an additional 44,721 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Electronic Arts in the second quarter worth $285,000. Finally, Pallas Capital Advisors LLC boosted its holdings in Electronic Arts by 30.1% during the second quarter. Pallas Capital Advisors LLC now owns 2,691 shares of the game software company’s stock worth $394,000 after purchasing an additional 622 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EA shares. JPMorgan Chase & Co. decreased their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird raised their target price on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a report on Friday, October 25th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Finally, StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

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.