Laura Miele Sells 2,500 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the sale, the insider now owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Electronic Arts Trading Up 1.3 %

Shares of Electronic Arts stock opened at $160.00 on Friday. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $160.31. The business’s fifty day moving average is $145.54 and its two-hundred day moving average is $141.03. 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 $41.96 billion, a PE ratio of 41.13, a P/E/G ratio of 2.00 and a beta of 0.78.

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 0.48%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Wall Street Analyst Weigh In

Several analysts have recently commented on EA shares. Jefferies Financial Group assumed coverage on Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price target for the company. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen upped their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley reiterated an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, BMO Capital Markets restated an “outperform” rating and set a $160.00 target price (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and a consensus price target of $165.37.

Institutional Trading of Electronic Arts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Alpha LLC raised its holdings in shares of Electronic Arts by 51.0% in the 1st quarter. Advisory Alpha LLC now owns 2,238 shares of the game software company’s stock worth $297,000 after purchasing an additional 756 shares during the period. Duality Advisers LP purchased a new position in Electronic Arts in the first quarter valued at approximately $1,711,000. Empirical Finance LLC lifted its position in Electronic Arts by 3.2% during the first quarter. Empirical Finance LLC now owns 9,620 shares of the game software company’s stock valued at $1,276,000 after buying an additional 296 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Electronic Arts by 25.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 32,947 shares of the game software company’s stock worth $4,371,000 after acquiring an additional 6,766 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Electronic Arts by 2,432.9% in the 1st quarter. Quantbot Technologies LP now owns 37,791 shares of the game software company’s stock valued at $5,014,000 after acquiring an additional 36,299 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.