Laura Miele Sells 2,500 Shares of Electronic Arts (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $201.06, for a total transaction of $502,650.00. Following the completion of the transaction, the insider owned 55,648 shares in the company, valued at approximately $11,188,586.88. The trade was a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 value of $504,475.00.
• On Tuesday, September 2nd, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $171.69, for a total value of $429,225.00.

Electronic Arts Stock Performance

Shares of EA stock traded down $0.23 during trading hours on Wednesday, reaching $201.58. The stock had a trading volume of 2,024,746 shares, compared to its average volume of 3,461,532. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $50.28 billion, a PE ratio of 58.94, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74. The firm has a 50-day simple moving average of $193.59 and a 200-day simple moving average of $169.82.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $1.11 EPS. The business’s quarterly revenue was down 12.6% on a year-over-year basis. As a group, equities analysts forecast 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. Stockholders of record on Wednesday, December 3rd will be paid 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 of this dividend is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio is currently 22.22%.

Hedge Funds Weigh In On Electronic Arts

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Electronic Arts by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after acquiring an additional 150,438 shares during the period. State Street Corp increased its position in shares of Electronic Arts by 5.8% during the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after purchasing an additional 932,024 shares during the period. Pentwater Capital Management LP acquired a new position in shares of Electronic Arts in the third quarter valued at $968,160,000. Ameriprise Financial Inc. raised its stake in shares of Electronic Arts by 8.9% in the third quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock valued at $926,194,000 after purchasing an additional 374,840 shares in the last quarter. Finally, Ninety One UK Ltd lifted its position in Electronic Arts by 4.6% in the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after purchasing an additional 193,442 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on EA. Cowen downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Roth Capital downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $185.00 to $210.00 in a research report on Thursday, October 2nd. TD Cowen downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Argus set a $210.00 price target on shares of Electronic Arts in a report on Thursday, October 30th. Finally, BMO Capital Markets boosted their price target on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and a consensus target price of $181.64.

Electronic Arts Company Profile

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.