Jacob J. Schatz Sells 1,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the transaction, the insider now directly owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Electronic Arts Price Performance

EA stock traded up $0.02 during midday trading on Wednesday, reaching $126.57. The company had a trading volume of 783,855 shares, compared to its average volume of 2,039,585. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a market capitalization of $33.84 billion, a P/E ratio of 31.88, a P/E/G ratio of 1.76 and a beta of 0.76. The firm has a 50-day moving average price of $135.49 and a 200-day moving average price of $134.37.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the company earned $2.29 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, research analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts’s dividend payout ratio is presently 19.14%.

Analyst Ratings Changes

EA has been the subject of several analyst reports. Wedbush reaffirmed an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. BMO Capital Markets initiated coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective for the company. Stifel Nicolaus raised their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, UBS Group dropped their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Institutional Trading of Electronic Arts

Institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in Electronic Arts during the 4th quarter valued at about $26,000. Cape Investment Advisory Inc. grew its position in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new stake in Electronic Arts during the 4th quarter valued at about $26,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Electronic Arts during the 3rd quarter valued at about $26,000. Finally, Bray Capital Advisors boosted its holdings in shares of Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after acquiring an additional 110 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

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.