Electronic Arts (NASDAQ:EA) Insider Sells $244,080.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $244,080.00. Following the completion of the sale, the insider directly owned 33,531 shares of the company’s stock, valued at approximately $6,820,205.40. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, September 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $171.52, for a total transaction of $205,824.00.
• On Wednesday, August 27th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $172.26, for a total transaction of $206,712.00.

Electronic Arts Trading Down 0.0%

NASDAQ:EA opened at $201.63 on Thursday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $50.45 billion, a P/E ratio of 50.53, a P/E/G ratio of 3.05 and a beta of 0.77. The firm has a 50-day simple moving average of $170.50 and a 200-day simple moving average of $155.76.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were issued a $0.19 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s payout ratio is currently 19.05%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Norden Group LLC acquired a new position in Electronic Arts during the 2nd quarter valued at approximately $214,000. Focus Partners Advisor Solutions LLC acquired a new position in Electronic Arts during the 1st quarter valued at approximately $319,000. CCM Investment Group LLC acquired a new position in Electronic Arts during the 1st quarter valued at approximately $1,625,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Electronic Arts by 2.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock valued at $94,456,000 after purchasing an additional 13,461 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its stake in Electronic Arts by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company’s stock valued at $13,944,000 after purchasing an additional 3,999 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EA shares. Oppenheimer lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday. DA Davidson boosted their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, August 11th. Hsbc Global Res lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday. Argus boosted their price target on shares of Electronic Arts from $180.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Cowen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.04.

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.