Insider Selling: Electronic Arts Inc. (NASDAQ:EA) Insider Sells $388,925.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the transaction, the insider now owns 40,189 shares in the company, valued at $6,252,202.73. This trade represents a 5.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Electronic Arts Stock Down 1.5%

Shares of NASDAQ EA opened at $153.30 on Monday. The company has a market capitalization of $39.95 billion, a P/E ratio of 39.01, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The company has a 50 day simple moving average of $143.36 and a 200-day simple moving average of $144.90. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.50%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently modified their holdings of the business. Financial Management Professionals Inc. increased its holdings in Electronic Arts by 15.0% in the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company’s stock valued at $81,000 after purchasing an additional 73 shares during the last quarter. Claro Advisors LLC grew its stake in shares of Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after buying an additional 75 shares in the last quarter. Bank of Jackson Hole Trust grew its stake in shares of Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after buying an additional 75 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in shares of Electronic Arts by 34.2% in the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company’s stock valued at $43,000 after buying an additional 76 shares during the period. Finally, Clarius Group LLC lifted its stake in Electronic Arts by 3.6% during the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company’s stock worth $319,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Monday, January 27th. UBS Group raised their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley raised their target price on Electronic Arts from $135.00 to $148.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. Finally, HSBC raised Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $161.83.

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.