Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz Sells 1,500 Shares

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) EVP Jacob J. Schatz sold 1,500 shares of the 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 transaction, the executive vice president now directly owns 24,860 shares in the company, valued at approximately $3,597,739.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Electronic Arts Stock Down 0.9 %

Electronic Arts stock traded down $1.38 during mid-day trading on Wednesday, reaching $145.04. The company's stock had a trading volume of 1,258,372 shares, compared to its average volume of 2,069,179. The business's 50 day simple moving average is $145.26 and its 200 day simple moving average is $138.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. Electronic Arts Inc. has a 12 month low of $119.92 and a 12 month high of $153.51. The company has a market capitalization of $38.54 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. As a group, research analysts anticipate that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts's dividend payout ratio (DPR) is currently 16.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company's stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Electronic Arts by 496.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company's stock valued at $333,169,000 after acquiring an additional 2,090,504 shares during the period. Swedbank AB bought a new stake in shares of Electronic Arts during the first quarter worth approximately $201,935,000. Jericho Capital Asset Management L.P. acquired a new stake in Electronic Arts during the 1st quarter worth approximately $189,055,000. Finally, Manning & Napier Advisors LLC bought a new stake in Electronic Arts in the 2nd quarter valued at $188,159,000. Institutional investors own 90.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on EA shares. TD Cowen raised their price objective on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Jefferies Financial Group assumed coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They set a "buy" rating and a $165.00 price target on the stock. UBS Group raised their price objective on shares of Electronic Arts from $143.00 to $155.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. Wedbush raised their price target on shares of Electronic Arts from $162.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Finally, Roth Mkm reaffirmed a "neutral" rating and set a $154.00 price objective on shares of Electronic Arts in a report on Thursday, September 19th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of "Moderate Buy" and an average target price of $161.94.

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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