Electronic Arts (NASDAQ:EA) EVP Jacob Schatz Sells 5,000 Shares

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob Schatz sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the completion of the sale, the executive vice president owned 42,287 shares of the company’s stock, valued at approximately $8,507,721.53. The trade was a 10.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Electronic Arts Price Performance

EA opened at $200.97 on Friday. The firm has a market cap of $50.39 billion, a P/E ratio of 57.58, a PEG ratio of 2.23 and a beta of 0.66. The firm has a 50-day moving average of $201.95 and a 200 day moving average of $202.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. Electronic Arts Inc. has a fifty-two week low of $141.19 and a fifty-two week high of $204.88.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 21.78%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EA. Ascentis Independent Advisors bought a new position in shares of Electronic Arts in the first quarter worth approximately $27,000. Ameriflex Group Inc. lifted its stake in 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 acquiring an additional 69 shares during the period. MV Capital Management Inc. purchased a new stake in Electronic Arts in the fourth quarter worth $28,000. Oakworth Capital Inc. purchased a new stake in Electronic Arts in the third quarter worth $30,000. Finally, Asset Planning Inc purchased a new stake in Electronic Arts in the first quarter worth $32,000. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EA. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Citigroup upped their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Company Profile

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.