Electronic Arts Inc. (NASDAQ:EA) Short Interest Down 6.0% in October

Electronic Arts Inc. (NASDAQ:EA) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 2,840,000 shares, a decline of 6.0% from the October 15th total of 3,020,000 shares. Based on an average daily trading volume, of 2,030,000 shares, the short-interest ratio is presently 1.4 days. Approximately 1.2% of the company’s shares are sold short.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $120.00, for a total value of $600,000.00. Following the completion of the sale, the chief executive officer now owns 39,203 shares of the company’s stock, valued at $4,704,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $121.07, for a total value of $96,856.00. Following the completion of the transaction, the insider now directly owns 30,347 shares of the company’s stock, valued at approximately $3,674,111.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $120.00, for a total value of $600,000.00. Following the completion of the transaction, the chief executive officer now owns 39,203 shares in the company, valued at approximately $4,704,360. The disclosure for this sale can be found here. Insiders have sold a total of 33,900 shares of company stock valued at $4,207,770 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently modified their holdings of the business. DHJJ Financial Advisors Ltd. bought a new position in shares of Electronic Arts in the third quarter valued at approximately $26,000. Bray Capital Advisors boosted its holdings in Electronic Arts by 100.0% during the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after acquiring an additional 110 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in shares of Electronic Arts in the fourth quarter valued at about $26,000. WealthPLAN Partners LLC bought a new position in shares of Electronic Arts in the first quarter worth about $29,000. Finally, Bell Investment Advisors Inc boosted its stake in Electronic Arts by 60.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 228 shares of the game software company’s stock valued at $30,000 after purchasing an additional 86 shares during the period. Institutional investors and hedge funds own 90.42% of the company’s stock.

Electronic Arts Stock Up 0.2 %

EA stock traded up $0.30 during mid-day trading on Friday, hitting $133.70. The stock had a trading volume of 2,688,904 shares, compared to its average volume of 2,228,354. Electronic Arts has a 1-year low of $108.53 and a 1-year high of $140.30. The company has a fifty day moving average of $125.31 and a 200 day moving average of $126.51. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $35.96 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 2.24 and a beta of 0.80.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.57%. Electronic Arts’s dividend payout ratio (DPR) is 20.94%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $155.00 price target on shares of Electronic Arts in a research report on Monday, October 30th. Credit Suisse Group boosted their target price on Electronic Arts from $161.00 to $162.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. UBS Group lowered Electronic Arts from a “buy” rating to a “neutral” rating and increased their price target for the company from $140.00 to $142.00 in a research note on Wednesday, August 2nd. Benchmark restated a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a report on Tuesday, October 10th. Finally, Truist Financial lowered their target price on Electronic Arts from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, August 16th. Ten investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.13.

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.