Electronic Arts Inc. (NASDAQ:EA) EVP Sells $218,475.00 in Stock

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total transaction of $218,475.00. Following the transaction, the executive vice president now directly owns 19,033 shares in the company, valued at $2,772,156.45. The trade was a 7.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Electronic Arts Stock Down 1.2 %

NASDAQ:EA traded down $1.70 during trading hours on Monday, hitting $143.91. 200,847 shares of the stock traded hands, compared to its average volume of 2,620,872. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm has a market cap of $37.51 billion, a price-to-earnings ratio of 36.60, a PEG ratio of 3.58 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $137.83 and a 200 day moving average price of $144.41.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted 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 14.28% and a return on equity of 17.80%. Equities research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EA shares. Bank of America upped their price target on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. BMO Capital Markets dropped their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Morgan Stanley decreased their price target on shares of Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday. Ascendiant Capital Markets upped their price objective on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Finally, UBS Group lifted their price target on Electronic Arts from $138.00 to $152.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $154.65.

Institutional Trading of Electronic Arts

Large investors have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. boosted its position in Electronic Arts by 15.0% during the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock worth $81,000 after purchasing an additional 73 shares during the period. Claro Advisors LLC boosted its holdings in shares of Electronic Arts by 3.4% during the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after buying an additional 75 shares during the period. Whipplewood Advisors LLC boosted its holdings in shares of Electronic Arts by 34.2% during the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock worth $43,000 after buying an additional 76 shares during the period. Clarius Group LLC grew its stake in Electronic Arts by 3.6% in the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock valued at $319,000 after buying an additional 77 shares during the last quarter. Finally, Intrust Bank NA raised its holdings in Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock worth $362,000 after acquiring an additional 78 shares during the period. 90.23% of the stock is owned by 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.