Insider Selling: Electronic Arts Inc. (NASDAQ:EA) EVP Sells 1,500 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $144.72, for a total transaction of $217,080.00. Following the completion of the sale, the executive vice president now owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Electronic Arts Trading Down 0.9 %

Shares of Electronic Arts stock traded down $1.38 on Wednesday, hitting $145.04. The stock had a trading volume of 1,258,372 shares, compared to its average volume of 2,069,179. The stock has a 50 day moving average of $145.26 and a 200 day moving average of $138.86. The firm has a market capitalization of $38.54 billion, a P/E ratio of 30.96, a PEG ratio of 1.95 and a beta of 0.79. Electronic Arts Inc. has a twelve month low of $119.92 and a twelve month high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Sell-side analysts expect that Electronic Arts Inc. will post 5.93 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio is currently 16.24%.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently modified their holdings of EA. Vanguard Group Inc. boosted its position in Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after acquiring an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Electronic Arts by 496.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after purchasing an additional 2,090,504 shares during the period. Swedbank AB bought a new stake in shares of Electronic Arts during the 1st quarter valued at about $201,935,000. Jericho Capital Asset Management L.P. acquired a new stake in Electronic Arts during the first quarter worth approximately $189,055,000. Finally, Manning & Napier Advisors LLC bought a new stake in Electronic Arts in the second quarter worth approximately $188,159,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EA has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Raymond James upped their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Citigroup lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their price target for the stock from $148.00 to $161.00 in a research report on Monday, July 15th. Wedbush boosted their price objective on shares of Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, BNP Paribas raised Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.94.

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.