Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz Sells 1,500 Shares

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the transaction, the executive vice president now directly owns 23,386 shares in the company, valued at $3,354,721.70. This trade represents a 6.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Electronic Arts Stock Down 0.5 %

Shares of Electronic Arts stock opened at $141.40 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market cap of $37.08 billion, a P/E ratio of 36.35, a PEG ratio of 1.84 and a beta of 0.80. The firm’s 50 day moving average price is $156.07 and its 200-day moving average price is $149.07. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.54%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Institutional Trading of Electronic Arts

Several hedge funds and other institutional investors have recently made changes to their positions in EA. Atomi Financial Group Inc. purchased a new position in shares of Electronic Arts in the 4th quarter valued at approximately $217,000. Crossmark Global Holdings Inc. raised its stake in Electronic Arts by 9.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 132,203 shares of the game software company’s stock worth $19,342,000 after acquiring an additional 11,959 shares during the last quarter. Ballentine Partners LLC lifted its position in Electronic Arts by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after acquiring an additional 82 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Electronic Arts by 150.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,867 shares of the game software company’s stock valued at $273,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Grove Bank & Trust increased its holdings in shares of Electronic Arts by 60.3% in the fourth quarter. Grove Bank & Trust now owns 521 shares of the game software company’s stock valued at $76,000 after purchasing an additional 196 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a research note on Friday, October 25th. Roth Mkm boosted their price target on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus restated a “hold” rating and set a $167.00 price objective on shares of Electronic Arts in a report on Wednesday, December 18th. Finally, Argus upped their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average target price 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.