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

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the sale, the insider now directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $160.00 on Friday. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $160.31. The company 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. The stock has a 50 day simple moving average of $145.54 and a 200-day simple moving average of $141.03. The company has a current ratio of 1.43, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.48%. Electronic Arts’s payout ratio is 19.54%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research report on Friday, October 25th. Finally, Oppenheimer lifted their price target on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $165.37.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Prime Capital Investment Advisors LLC grew its holdings in Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after acquiring an additional 76 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of Electronic Arts by 2.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after purchasing an additional 79 shares during the last quarter. Shepherd Financial Partners LLC raised its holdings in shares of Electronic Arts by 1.6% in the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after purchasing an additional 88 shares in the last quarter. Grove Bank & Trust lifted its stake in Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after purchasing an additional 94 shares during the last quarter. Finally, CWM LLC boosted its holdings in Electronic Arts by 1.5% during the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock worth $904,000 after buying an additional 95 shares in the last quarter. 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.