Electronic Arts Inc. (NASDAQ:EA) Insider Sells $147,570.00 in Stock

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was 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. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $164.45, for a total transaction of $164,450.00.
• On Friday, November 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00.

Electronic Arts Stock Up 0.3 %

NASDAQ:EA traded up $0.39 on Friday, reaching $146.29. The stock had a trading volume of 1,110,834 shares, compared to its average volume of 1,093,417. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50. The stock has a market cap of $38.37 billion, a P/E ratio of 37.61, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $157.32 and a 200 day moving average of $148.79.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders 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 yield of 0.52%. Electronic Arts's dividend payout ratio (DPR) is presently 19.54%.

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors have recently made changes to their positions in EA. Concurrent Investment Advisors LLC bought a new position in shares of Electronic Arts during the second quarter worth about $249,000. Commonwealth Equity Services LLC grew its position in shares of Electronic Arts by 5.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 47,615 shares of the game software company's stock worth $6,634,000 after acquiring an additional 2,363 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Electronic Arts by 41.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,721 shares of the game software company's stock valued at $374,000 after acquiring an additional 793 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Electronic Arts by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,909 shares of the game software company's stock valued at $2,913,000 after acquiring an additional 100 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its position in shares of Electronic Arts by 8.3% during the 2nd quarter. Simon Quick Advisors LLC now owns 3,382 shares of the game software company's stock valued at $471,000 after acquiring an additional 259 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EA shares. Roth Mkm lifted their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Argus lifted their target price on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. UBS Group raised their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, Robert W. Baird boosted their target price on Electronic Arts from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $165.37.

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.

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