Insider Selling: Electronic Arts Inc. (NASDAQ:EA) Insider Sells $147,570.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the sale, the insider now directly owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $164.45, for a total value of $164,450.00.
• On Friday, November 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $150.83, for a total value of $150,830.00.

Electronic Arts Stock Performance

NASDAQ:EA opened at $146.29 on Monday. The firm’s 50-day moving average is $157.32 and its 200-day moving average is $148.94. The company has a market cap of $38.37 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 2.14 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s dividend payout ratio is 19.54%.

Institutional Trading of Electronic Arts

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Electronic Arts by 0.4% in the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after purchasing an additional 26,505 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Electronic Arts by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after buying an additional 18,376 shares during the period. Legal & General Group Plc increased its holdings in Electronic Arts by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after buying an additional 53,800 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Electronic Arts by 3.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company’s stock valued at $290,945,000 after buying an additional 76,621 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Electronic Arts by 29.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock worth $215,725,000 after acquiring an additional 354,005 shares during the period. Institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EA. Benchmark reissued a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Stifel Nicolaus reiterated a “hold” rating and set a $167.00 price target on shares of Electronic Arts in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

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.