Electronic Arts (NASDAQ:EA) Insider Vijayanthimala Singh Sells 1,200 Shares

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $201.42, for a total value of $241,704.00. Following the transaction, the insider owned 34,760 shares of the company’s stock, valued at approximately $7,001,359.20. This trade represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, October 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $200.31, for a total transaction of $240,372.00.
• On Monday, September 29th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $203.40, for a total transaction of $244,080.00.
• On Monday, September 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was 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 Price Performance

Electronic Arts stock traded down $0.23 during mid-day trading on Wednesday, hitting $201.58. The stock had a trading volume of 2,024,746 shares, compared to its average volume of 3,461,532. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $50.28 billion, a P/E ratio of 58.94, a P/E/G ratio of 3.04 and a beta of 0.74. The firm’s 50 day moving average is $193.59 and its 200 day moving average is $169.82.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business earned $1.11 earnings per share. Electronic Arts’s revenue was down 12.6% compared to the same quarter last year. On average, sell-side analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio is presently 22.22%.

Analyst Ratings Changes

EA has been the subject of a number of research analyst reports. HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective for the company. in a report on Monday, September 29th. DZ Bank cut shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 29th. Benchmark reiterated a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Bank of America raised their price objective on Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Electronic Arts presently has an average rating of “Hold” and an average target price of $181.64.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors have recently bought and sold shares of EA. Norden Group LLC bought a new position in shares of Electronic Arts in the 2nd quarter valued at about $214,000. Vanguard Personalized Indexing Management LLC increased its stake in Electronic Arts by 34.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock worth $6,467,000 after acquiring an additional 10,453 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in Electronic Arts during the first quarter valued at approximately $319,000. Vest Financial LLC raised its position in Electronic Arts by 5.7% during the second quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock valued at $44,408,000 after purchasing an additional 15,032 shares during the period. Finally, Alta Advisers Ltd bought a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $205,000. Institutional investors own 90.23% of the company’s stock.

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.