Laura Miele Sells 2,500 Shares of Electronic Arts (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $201.79, for a total transaction of $504,475.00. Following the sale, the insider owned 53,092 shares in the company, valued at $10,713,434.68. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Laura Miele also recently made the following trade(s):

• On Tuesday, September 2nd, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00.
• On Friday, August 1st, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $155.49, for a total transaction of $388,725.00.

Electronic Arts Trading Down 0.3%

Shares of Electronic Arts stock opened at $201.00 on Friday. The company has a market capitalization of $50.29 billion, a price-to-earnings ratio of 50.38, a PEG ratio of 3.04 and a beta of 0.77. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75. The firm’s 50-day moving average price is $171.47 and its two-hundred day moving average price is $156.16.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s dividend payout ratio is presently 19.05%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EA. Brighton Jones LLC raised its holdings in Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after buying an additional 294 shares during the last quarter. Merit Financial Group LLC raised its holdings in Electronic Arts by 161.3% in the 1st quarter. Merit Financial Group LLC now owns 5,573 shares of the game software company’s stock valued at $805,000 after buying an additional 3,440 shares during the last quarter. Whipplewood Advisors LLC raised its holdings in Electronic Arts by 34.2% in the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company’s stock valued at $43,000 after buying an additional 76 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in Electronic Arts by 15.0% in the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company’s stock valued at $81,000 after buying an additional 73 shares during the last quarter. Finally, Vest Financial LLC bought a new position in Electronic Arts in the 1st quarter valued at approximately $38,014,000. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EA. Roth Capital downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and raised their price target for the company from $185.00 to $210.00 in a research note on Thursday. Robert W. Baird restated a “neutral” rating and issued a $210.00 price target (up from $170.00) on shares of Electronic Arts in a research note on Monday. Jefferies Financial Group downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and raised their price target for the company from $200.00 to $210.00 in a research note on Tuesday. Wedbush restated a “neutral” rating and issued a $200.00 price target on shares of Electronic Arts in a research note on Monday. Finally, Argus raised their price target on shares of Electronic Arts from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $177.00.

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.