Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield Sells 1,000 Shares

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the sale, the chief financial officer now owns 9,516 shares of the company’s stock, valued at approximately $1,238,126.76. This represents a 9.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Stuart Canfield also recently made the following trade(s):

• On Thursday, December 26th, Stuart Canfield sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $148.18, for a total value of $148,180.00.

Electronic Arts Stock Up 0.7 %

NASDAQ:EA opened at $130.93 on Friday. The firm has a market capitalization of $34.12 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.54 and a beta of 0.79. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. 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 business’s fifty day moving average price is $137.09 and its 200 day moving average price is $146.24.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, sell-side analysts forecast that Electronic Arts Inc. will post 4.75 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EA. Ashton Thomas Securities LLC bought a new stake in shares of Electronic Arts during the 3rd quarter worth about $25,000. Putney Financial Group LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $26,000. Pinnacle Bancorp Inc. lifted its position in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $32,000. Finally, LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EA. Argus boosted their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Roth Mkm dropped their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets dropped their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Finally, UBS Group boosted their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $154.55.

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.