Insider Selling: Electronic Arts Inc. (NASDAQ:EA) EVP Sells 1,500 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the sale, the executive vice president now owns 23,360 shares in the company, valued at approximately $3,814,688. The trade was a 6.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Electronic Arts Price Performance

Shares of EA traded up $2.12 during mid-day trading on Tuesday, hitting $166.13. 2,164,938 shares of the company were exchanged, compared to its average volume of 2,055,433. The stock has a market cap of $43.57 billion, a price-to-earnings ratio of 42.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $166.40. The company has a 50 day moving average of $148.01 and a 200-day moving average of $143.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders 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 dividend yield of 0.46%. Electronic Arts’s payout ratio is currently 19.54%.

Institutional Trading of Electronic Arts

A number of institutional investors have recently made changes to their positions in EA. Ashton Thomas Securities LLC purchased a new position in Electronic Arts in the 3rd quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the second quarter worth $28,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts in the second quarter valued at about $33,000. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts in the third quarter worth about $36,000. Finally, Gradient Investments LLC boosted its position in Electronic Arts by 592.1% during the second 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 last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on EA shares. Raymond James raised their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus upped their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Argus raised 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. Finally, TD Cowen boosted their price target on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Eight investment 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. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

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.