Electronic Arts Inc. (NASDAQ:EA) Short Interest Update

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 6,350,000 shares, a drop of 11.3% from the November 15th total of 7,160,000 shares. Approximately 2.7% of the company's shares are sold short. Based on an average daily trading volume, of 1,840,000 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $150.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. JPMorgan Chase & Co. lowered their price objective 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. BMO Capital Markets reaffirmed an "outperform" rating and issued a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Finally, Roth Mkm boosted their price target 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. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $165.37.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the transaction, the chief executive officer now owns 54,247 shares of the company's stock, valued at approximately $7,675,950.50. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $144.72, for a total value of $217,080.00. Following the completion of the transaction, the executive vice president now directly owns 24,860 shares of the company's stock, valued at approximately $3,597,739.20. This represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,500 shares of company stock valued at $2,866,400 over the last 90 days. 0.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

Institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in Electronic Arts in the 3rd quarter valued at $25,000. Family Firm Inc. acquired a new position in shares of Electronic Arts during the second quarter worth about $33,000. Reston Wealth Management LLC purchased a new position in Electronic Arts during the third quarter worth about $36,000. Gradient Investments LLC lifted its position in Electronic Arts by 592.1% in the second quarter. Gradient Investments LLC now owns 263 shares of the game software company's stock valued at $37,000 after purchasing an additional 225 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its position in 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 purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Stock Performance

Shares of EA traded down $1.61 during mid-day trading on Tuesday, reaching $154.79. 3,085,153 shares of the company's stock were exchanged, compared to its average volume of 2,054,872. The business's fifty day simple moving average is $156.29 and its 200-day simple moving average is $147.77. The stock has a market capitalization of $40.60 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. Electronic Arts 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 current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.49%. Electronic Arts's dividend payout ratio (DPR) is 19.54%.

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.

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