Electronic Arts Inc. (NASDAQ:EA) EVP Sells $217,080.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total transaction of $217,080.00. Following the sale, the executive vice president now owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $144.35 on Friday. 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 1 year low of $119.92 and a 1 year high of $153.51. The firm’s 50-day simple moving average is $145.17 and its 200-day simple moving average is $139.02. The firm has a market cap of $38.36 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Equities analysts forecast that Electronic Arts Inc. will post 5.93 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio is presently 16.24%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EA shares. Raymond James upped their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Wedbush raised their target price on Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group boosted their price target on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Oppenheimer increased their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.94.

Institutional Trading of Electronic Arts

A number of institutional investors and hedge funds have recently modified their holdings of the business. North Star Investment Management Corp. boosted its holdings in shares of Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after buying an additional 150 shares during the period. Redmont Wealth Advisors LLC bought a new position in Electronic Arts in the first quarter worth about $27,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts in the second quarter valued at approximately $28,000. Family Firm Inc. bought a new position in shares of Electronic Arts during the second quarter valued at approximately $33,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Electronic Arts during the 1st quarter worth approximately $35,000. 90.23% of the stock is owned by institutional investors and hedge funds.

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.