Electronic Arts Inc. (NASDAQ:EA) Insider Sells $150,830.00 in 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 shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the sale, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 Trading Up 0.3 %

NASDAQ:EA opened at $151.26 on Friday. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $153.51. The firm has a market capitalization of $39.96 billion, a P/E ratio of 38.88, a P/E/G ratio of 2.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.45. The business has a 50 day simple moving average of $144.96 and a 200 day simple moving average of $140.19.

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

Electronic Arts Dividend Announcement

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

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Electronic Arts in a report on Thursday, July 11th. They set a “buy” rating and a $165.00 price objective on the stock. Raymond James lifted their price objective on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Robert W. Baird lifted their price objective on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $135.00 to $177.00 in a report on Thursday. Finally, UBS Group lifted their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and an average target price of $164.39.

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.