Insider Selling: Electronic Arts (NASDAQ:EA) Insider Sells $508,025.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total value of $508,025.00. Following the transaction, the insider directly owned 43,343 shares in the company, valued at $8,807,731.03. This trade represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 16th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $199.95, for a total value of $499,875.00.
• On Tuesday, February 17th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $199.53, for a total value of $498,825.00.
• On Thursday, January 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $204.27, for a total value of $510,675.00.

Electronic Arts Stock Up 0.2%

Shares of NASDAQ:EA opened at $203.83 on Friday. The stock’s 50-day moving average price is $201.48 and its 200-day moving average price is $202.04. Electronic Arts Inc. has a 12-month low of $141.04 and a 12-month high of $204.88. The stock has a market capitalization of $51.01 billion, a P/E ratio of 76.63, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup reduced their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $188.30.

Institutional Trading of Electronic Arts

Large investors have recently modified their holdings of the business. MV Capital Management Inc. bought a new stake in shares of Electronic Arts in the fourth quarter worth about $28,000. Ameriflex Group Inc. grew its stake in shares of Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. Oakworth Capital Inc. bought a new stake in shares of Electronic Arts in the third quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Electronic Arts by 131.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after purchasing an additional 95 shares during the last quarter. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Electronic Arts in the fourth quarter worth about $44,000. 90.23% of the stock is owned by institutional investors.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.