Electronic Arts Inc. (NASDAQ:EA) Director Sells $312,033.02 in Stock

Electronic Arts Inc. (NASDAQ:EA) Director Luis A. Ubinas sold 2,126 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $146.77, for a total value of $312,033.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Electronic Arts Stock Down 2.2 %

Shares of EA stock traded down $3.33 during trading on Monday, hitting $145.50. 2,741,200 shares of the company were exchanged, compared to its average volume of 2,183,850. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.45. The firm has a market capitalization of $38.66 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 2.28 and a beta of 0.79. The business’s 50-day simple moving average is $140.16 and its 200 day simple moving average is $135.97. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $153.51.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. As a group, analysts forecast that Electronic Arts Inc. will post 5.76 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Wall Street Analyst Weigh In

EA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Jefferies Financial Group began coverage on Electronic Arts in a research report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price objective on the stock. Stifel Nicolaus increased their price target on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Citigroup cut Electronic Arts from a “buy” rating to a “neutral” rating and raised their target price for the stock from $148.00 to $161.00 in a report on Monday, July 15th. Finally, Bank of America increased their price target on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average target price of $160.16.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently bought and sold shares of the company. North Star Investment Management Corp. grew its position in shares of Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in Electronic Arts in the 1st quarter valued at approximately $27,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts during the second quarter valued at $28,000. Finally, Larson Financial Group LLC bought a new position in shares of Electronic Arts during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.