Insider Selling: Electronic Arts (NASDAQ:EA) EVP Sells $240,960.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob Schatz sold 1,200 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $200.80, for a total transaction of $240,960.00. Following the completion of the sale, the executive vice president directly owned 24,880 shares in the company, valued at approximately $4,995,904. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Electronic Arts Trading Down 0.0%

Shares of NASDAQ:EA opened at $200.30 on Friday. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $203.75. The company’s 50 day moving average is $180.90 and its two-hundred day moving average is $160.53. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The company has a market cap of $50.12 billion, a PE ratio of 50.20, a P/E/G ratio of 3.04 and a beta of 0.77.

Electronic Arts Announces Dividend

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

Institutional Trading of Electronic Arts

A number of large investors have recently bought and sold shares of the business. Salomon & Ludwin LLC boosted its stake in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after purchasing an additional 68 shares during the period. Moody National Bank Trust Division boosted its stake in Electronic Arts by 1.4% during the 3rd quarter. Moody National Bank Trust Division now owns 5,125 shares of the game software company’s stock worth $1,034,000 after purchasing an additional 71 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Electronic Arts by 3.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after purchasing an additional 72 shares during the period. Bank of Jackson Hole Trust boosted its stake in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 shares during the period. Finally, Financial Management Professionals Inc. boosted its stake in Electronic Arts by 13.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Hsbc Global Res downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. HSBC downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price on the stock. in a research report on Monday, September 29th. Wells Fargo & Company set a $168.00 target price on shares of Electronic Arts and gave the company an “equal weight” rating in a research report on Monday, July 28th. Wedbush reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Electronic Arts in a research report on Monday, September 29th. Finally, Cowen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $177.00.

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.