Vijayanthimala Singh Sells 1,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the sale, the insider now directly owns 29,216 shares in the company, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Vijayanthimala Singh also recently made the following trade(s):

• On Monday, December 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $164.45, for a total value of $164,450.00.
• On Friday, November 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $150.83, for a total transaction of $150,830.00.

Electronic Arts Price Performance

EA opened at $146.29 on Monday. The company has a fifty day moving average price of $157.32 and a two-hundred day moving average price of $148.94. The firm has a market capitalization of $38.37 billion, a PE ratio of 37.61, a P/E/G ratio of 2.14 and a beta of 0.80. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Hedge Funds Weigh In On Electronic Arts

Hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the third quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the 3rd quarter valued at $36,000. Bruce G. Allen Investments LLC raised its stake in Electronic Arts by 156.6% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after buying an additional 166 shares during the period. Larson Financial Group LLC raised its stake in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Electronic Arts by 9,280.0% during the fourth quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock worth $69,000 after acquiring an additional 464 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EA shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. UBS Group increased their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $177.00 in a report on Thursday, October 31st. 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.com, Electronic Arts 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.