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

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the transaction, the insider now owns 28,216 shares of the company’s stock, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, January 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00.
• 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 transaction of $164,450.00.

Electronic Arts Stock Up 7.6 %

Shares of EA stock opened at $130.47 on Thursday. The stock’s 50 day simple moving average is $145.31 and its 200 day simple moving average is $147.54. 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 Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a market capitalization of $34.22 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 2.50 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced 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 net margin of 14.12% and a return on equity of 18.56%. As a group, research analysts predict that Electronic Arts Inc. will post 5.02 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Institutional Investors Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new position in Electronic Arts during the third quarter worth $25,000. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts during the fourth quarter valued at about $32,000. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the third quarter valued at about $36,000. Finally, Bruce G. Allen Investments LLC grew its position in Electronic Arts by 156.6% during the third 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 in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EA has been the topic of several research analyst reports. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Wedbush reiterated an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Oppenheimer reduced their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Citigroup lowered their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Robert W. Baird reduced their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Electronic Arts presently has an average rating of “Hold” and an average target price of $155.24.

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.