Insider Selling: Electronic Arts (NASDAQ:EA) Insider Sells $510,275.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00. Following the completion of the transaction, the insider directly owned 53,148 shares in the company, valued at $10,848,038.28. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, November 17th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $201.06, for a total transaction of $502,650.00.
• On Wednesday, October 1st, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $201.79, for a total transaction of $504,475.00.

Electronic Arts Stock Up 0.1%

Electronic Arts stock opened at $203.90 on Friday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $204.64. The firm has a 50 day moving average price of $201.63 and a 200-day moving average price of $177.66. The company has a market capitalization of $51.00 billion, a P/E ratio of 59.62, a P/E/G ratio of 2.44 and a beta of 0.76. 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 (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 return on equity of 15.30% and a net margin of 12.14%.The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $1.11 EPS. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, equities analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 22.22%.

Institutional Trading of Electronic Arts

Institutional investors and hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC increased its holdings in shares of Electronic Arts by 70.1% in the second 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. Ameriflex Group Inc. grew its position in Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares in the last quarter. MTM Investment Management LLC bought a new position in Electronic Arts in the 2nd quarter worth about $30,000. Oakworth Capital Inc. purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at about $30,000. Finally, Frazier Financial Advisors LLC boosted its position in shares of Electronic Arts by 328.9% during the 2nd 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 during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Morgan Stanley raised their price objective on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Argus set a $210.00 price objective on shares of Electronic Arts in a research note on Thursday, October 30th. Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Baird R W lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.