Insider Selling: Electronic Arts (NASDAQ:EA) Insider Sells 1,200 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $244,932.00. Following the completion of the transaction, the insider owned 33,560 shares of the company’s stock, valued at $6,849,931.60. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, November 17th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $201.42, for a total value of $241,704.00.
• On Wednesday, October 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $200.31, for a total value of $240,372.00.
• On Monday, September 29th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $203.40, for a total transaction of $244,080.00.

Electronic Arts Stock Performance

EA remained flat at $204.20 during trading on Tuesday. 1,665,175 shares of the company’s stock were exchanged, compared to its average volume of 3,362,426. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $204.64. The stock has a 50 day moving average price of $201.40 and a two-hundred day moving average price of $176.86. The stock has a market capitalization of $51.07 billion, a PE ratio of 59.71, a PEG ratio of 2.44 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last issued 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 return on equity of 15.30% and a net margin of 12.14%.The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm posted $1.11 EPS. Electronic Arts’s revenue for the quarter was down 12.6% on a year-over-year basis. Sell-side analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

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

Institutional Investors Weigh In On Electronic Arts

A number of large investors have recently bought and sold shares of EA. Salomon & Ludwin LLC raised its holdings in shares of Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the period. Ameriflex Group Inc. raised its stake in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares during the period. MTM Investment Management LLC bought a new position in Electronic Arts in the second quarter worth approximately $30,000. Oakworth Capital Inc. acquired a new stake in Electronic Arts in the third quarter valued at approximately $30,000. Finally, Frazier Financial Advisors LLC increased its holdings in shares of Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after acquiring an additional 148 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EA has been the subject of a number of analyst reports. Roth Capital downgraded Electronic Arts from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $185.00 to $210.00 in a research report on Thursday, October 2nd. HSBC downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price for the company. in a research report on Monday, September 29th. Argus set a $210.00 price target on shares of Electronic Arts in a research report on Thursday, October 30th. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $181.21.

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.