Electronic Arts Inc. (NASDAQ:EA) EVP Sells $234,405.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the sale, the executive vice president now owns 24,886 shares of the company’s stock, valued at $3,888,935.22. This represents a 5.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Electronic Arts Trading Down 1.0 %

Shares of NASDAQ:EA traded down $1.61 on Tuesday, hitting $154.79. 3,085,153 shares of the company’s stock were exchanged, compared to its average volume of 2,055,084. The stock has a market capitalization of $40.60 billion, a price-to-earnings ratio of 40.21, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The business’s 50 day simple moving average is $156.29 and its two-hundred day simple moving average is $147.77.

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 issued 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 0.49%. Electronic Arts’s payout ratio is 19.54%.

Hedge Funds Weigh In On Electronic Arts

Hedge funds have recently added to or reduced their stakes in the stock. Inspire Trust Co. N.A. increased its stake in shares of Electronic Arts by 47.4% during the third quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the game software company’s stock valued at $2,008,000 after buying an additional 4,499 shares during the period. Franklin Resources Inc. raised its stake in Electronic Arts by 8.4% in the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock worth $124,548,000 after buying an additional 66,797 shares in the last quarter. Tidal Investments LLC lifted its holdings in Electronic Arts by 20.6% during the third quarter. Tidal Investments LLC now owns 45,630 shares of the game software company’s stock worth $6,545,000 after buying an additional 7,786 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Electronic Arts during the 3rd quarter valued at $428,000. Finally, Sanctuary Advisors LLC boosted its position in Electronic Arts by 76.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,328 shares of the game software company’s stock valued at $1,481,000 after acquiring an additional 4,471 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Roth Mkm raised their price objective on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 target price (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $165.37.

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.