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

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) CFO Stuart Canfield sold 1,000 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $148.18, for a total transaction of $148,180.00. Following the sale, the chief financial officer now directly owns 8,750 shares of the company's stock, valued at $1,296,575. The trade was a 10.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Electronic Arts Trading Down 1.1 %

Electronic Arts stock traded down $1.58 during midday trading on Monday, reaching $146.54. The stock had a trading volume of 1,152,578 shares, compared to its average volume of 2,052,090. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50. The company has a fifty day moving average of $157.23 and a 200 day moving average of $148.62. The firm has a market cap of $38.43 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Wednesday, November 27th. Electronic Arts's payout ratio is presently 19.54%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EA. Robert W. Baird lifted their price objective on Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. BMO Capital Markets reaffirmed an "outperform" rating and set a $160.00 price target (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus restated a "hold" rating and set a $167.00 price objective on shares of Electronic Arts in a research report on Wednesday, December 18th. Finally, Roth Mkm upped their target price on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.37.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently added to or reduced their stakes in EA. Ashton Thomas Securities LLC bought a new stake in Electronic Arts during the 3rd quarter valued at $25,000. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the third quarter valued at about $36,000. Bruce G. Allen Investments LLC raised its holdings in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company's stock valued at $39,000 after acquiring an additional 166 shares in the last quarter. Larson Financial Group LLC lifted its stake in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after acquiring an additional 70 shares during the period. Finally, Hantz Financial Services Inc. bought a new position in Electronic Arts during the 2nd quarter worth about $73,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

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.