Electronic Arts (NASDAQ:EA) Insider Sells $243,900.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total transaction of $243,900.00. Following the completion of the transaction, the insider directly owned 28,760 shares in the company, valued at $5,845,470. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vijayanthimala Singh also recently made the following trade(s):

• On Monday, March 16th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $199.69, for a total transaction of $239,628.00.
• On Tuesday, February 17th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $200.63, for a total transaction of $240,756.00.
• On Thursday, January 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $204.30, for a total transaction of $245,160.00.

Electronic Arts Trading Up 0.2%

NASDAQ EA opened at $203.83 on Friday. Electronic Arts Inc. has a 1-year low of $141.04 and a 1-year high of $204.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $51.01 billion, a PE ratio of 76.63, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73. The firm’s fifty day simple moving average is $201.48 and its 200-day simple moving average is $202.04.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Electronic Arts’s dividend payout ratio is presently 28.57%.

Analysts Set New Price Targets

EA has been the topic of several analyst reports. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup lowered their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $188.30.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds have recently bought and sold shares of the business. Cidel Asset Management Inc. increased its position in Electronic Arts by 7.4% during the first quarter. Cidel Asset Management Inc. now owns 1,413 shares of the game software company’s stock worth $288,000 after buying an additional 97 shares during the last quarter. Cache Advisors LLC acquired a new position in Electronic Arts during the first quarter worth $183,000. Evolve Private Wealth LLC increased its position in Electronic Arts by 16.2% during the first quarter. Evolve Private Wealth LLC now owns 1,548 shares of the game software company’s stock worth $316,000 after buying an additional 216 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Electronic Arts by 10.7% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,490 shares of the game software company’s stock worth $2,750,000 after buying an additional 1,301 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Electronic Arts by 8.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,643 shares of the game software company’s stock worth $949,000 after buying an additional 346 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

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.