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

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now directly owns 26,216 shares of the company's stock, valued at approximately $3,801,320. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Vijayanthimala Singh also recently made the following trade(s):

• On Monday, February 3rd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $122.03, for a total value of $122,030.00.
• On Thursday, January 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $147.57, for a total value of $147,570.00.

Electronic Arts Price Performance

NASDAQ EA traded down $0.72 during trading hours on Monday, reaching $134.62. 5,823,408 shares of the company's stock were exchanged, compared to its average volume of 2,586,933. The firm has a fifty day moving average of $134.43 and a 200-day moving average of $144.56. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The stock has a market cap of $35.08 billion, a PE ratio of 34.25, a price-to-earnings-growth 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.

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Electronic Arts (NASDAQ:EA - Get Free Report) last announced its 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 return on equity of 17.80% and a net margin of 14.28%. On average, equities research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.56%. Electronic Arts's payout ratio is 19.34%.

Institutional Trading of Electronic Arts

Several hedge funds have recently modified their holdings of the stock. Townsquare Capital LLC raised its position in shares of Electronic Arts by 94.3% during the third quarter. Townsquare Capital LLC now owns 3,891 shares of the game software company's stock worth $558,000 after acquiring an additional 1,888 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Electronic Arts by 11.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 8,869 shares of the game software company's stock worth $1,272,000 after purchasing an additional 900 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Electronic Arts by 6,416.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 12,056 shares of the game software company's stock valued at $1,729,000 after purchasing an additional 11,871 shares during the period. Ascent Group LLC bought a new position in shares of Electronic Arts in the 3rd quarter valued at about $2,312,000. Finally, Holocene Advisors LP grew its position in shares of Electronic Arts by 22.9% during the 3rd quarter. Holocene Advisors LP now owns 16,914 shares of the game software company's stock worth $2,426,000 after buying an additional 3,150 shares during the period. 90.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EA. Wedbush restated an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Benchmark increased their price target on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 24th. Citigroup dropped their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. DA Davidson initiated coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 target price for the company. Finally, BNP Paribas downgraded Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price on the stock. in a research report on Monday, January 27th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Electronic Arts has an average rating of "Hold" and an average price target of $155.30.

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.