Electronic Arts Inc. (NASDAQ:EA) Insider Sells $327,075.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the transaction, the insider now owns 47,514 shares in the company, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Electronic Arts Trading Down 2.6 %

Shares of NASDAQ:EA traded down $3.40 during mid-day trading on Friday, reaching $128.60. 4,905,999 shares of the company were exchanged, compared to its average volume of 4,489,934. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year 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 firm’s 50-day simple moving average is $143.99 and its 200 day simple moving average is $147.33. The firm has a market cap of $33.73 billion, a price-to-earnings ratio of 33.06, a P/E/G ratio of 2.50 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. Equities research analysts forecast that Electronic Arts Inc. will post 5.02 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EA. Argus upped their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. UBS Group increased their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Oppenheimer lowered their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $155.24.

Institutional Trading of Electronic Arts

Several hedge funds have recently added to or reduced their stakes in the company. Swedbank AB raised its position in shares of Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Electronic Arts during the fourth quarter worth about $217,000. Huntington National Bank lifted its holdings in shares of Electronic Arts by 983.4% in the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Electronic Arts in the 4th quarter valued at about $13,845,000. Finally, Dai ichi Life Insurance Company Ltd grew its stake in Electronic Arts by 20.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock worth $9,205,000 after buying an additional 11,058 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.