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

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $149.64, for a total value of $224,460.00. Following the completion of the transaction, the executive vice president now directly owns 17,533 shares of the company’s stock, valued at $2,623,638.12. This represents a 7.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Electronic Arts Stock Performance

EA stock opened at $151.54 on Friday. The company has a market cap of $39.49 billion, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The stock’s fifty day moving average price is $144.51 and its 200-day moving average price is $145.05.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. Electronic Arts’s dividend payout ratio (DPR) is currently 17.92%.

Analyst Ratings Changes

EA has been the topic of several recent research reports. HSBC upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, May 7th. Roth Mkm cut their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Robert W. Baird set a $168.00 price target on Electronic Arts in a research note on Wednesday, May 7th. JPMorgan Chase & Co. upped their price target on Electronic Arts from $135.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Finally, Oppenheimer upped their price target on Electronic Arts from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $161.83.

Hedge Funds Weigh In On Electronic Arts

Institutional investors have recently bought and sold shares of the stock. Putney Financial Group LLC bought a new position in Electronic Arts in the 4th quarter worth $26,000. Opal Wealth Advisors LLC bought a new stake in Electronic Arts during the first quarter valued at about $28,000. Pinnacle Bancorp Inc. raised its holdings in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares during the period. Bank of Jackson Hole Trust raised its holdings in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after acquiring an additional 75 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in Electronic Arts during the fourth quarter valued at about $32,000. 90.23% of the stock is owned by institutional investors.

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.