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

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the sale, the insider now directly owns 28,190 shares of the company’s stock, valued at $4,251,897.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, October 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $143.24, for a total value of $143,240.00.
• On Tuesday, September 3rd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $151.70, for a total value of $151,700.00.
• On Wednesday, August 28th, Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44.

Electronic Arts Stock Up 0.3 %

EA opened at $151.26 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market cap of $39.96 billion, a P/E ratio of 38.88, a PEG ratio of 2.04 and a beta of 0.79. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $153.51. The business’s fifty day simple moving average is $144.96 and its 200 day simple moving average is $140.19.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. As a group, equities research analysts anticipate that Electronic Arts Inc. will post 5.93 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Analysts Set New Price Targets

EA has been the subject of several recent research reports. UBS Group lifted their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday. The Goldman Sachs Group boosted their target price on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Morgan Stanley restated an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. BMO Capital Markets restated an “outperform” rating and set a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday. Finally, Citigroup cut Electronic Arts from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $164.39.

Institutional Trading of Electronic Arts

Hedge funds have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts in the 2nd quarter worth about $28,000. Family Firm Inc. purchased a new position in shares of Electronic Arts in the 2nd quarter worth about $33,000. New Covenant Trust Company N.A. purchased a new position in shares of Electronic Arts in the 1st quarter worth about $35,000. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts in the 3rd quarter worth about $36,000. Finally, Gradient Investments LLC raised its holdings in shares of Electronic Arts by 592.1% in the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after purchasing an additional 225 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

About Electronic Arts

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.