Electronic Arts Inc. (NASDAQ:EA) Insider Sells $1,106,935.44 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the sale, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, July 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The shares were sold at an average price of $139.71, for a total value of $111,768.00.
• On Monday, June 3rd, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $132.88, for a total transaction of $106,304.00.

Electronic Arts Trading Up 1.0 %

Shares of Electronic Arts stock opened at $151.82 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The firm has a market cap of $40.34 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $153.51. The company’s 50-day simple moving average is $144.97 and its 200-day simple moving average is $137.37.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EA. The Goldman Sachs Group increased their target price on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective on Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Benchmark lifted their target price on Electronic Arts from $153.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group assumed coverage on Electronic Arts in a research report on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price for the company. Finally, Wedbush raised their price target on Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.28.

Institutional Trading of Electronic Arts

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after buying an additional 3,727,251 shares in the last quarter. Capital International Investors boosted its stake in shares of Electronic Arts by 16.4% during the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after acquiring an additional 833,492 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of Electronic Arts by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock worth $596,825,000 after acquiring an additional 53,237 shares during the period. Massachusetts Financial Services Co. MA increased its stake 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 purchasing an additional 18,376 shares in the last quarter. Finally, FIL Ltd raised its holdings in Electronic Arts by 4.4% during the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock worth $469,011,000 after purchasing an additional 145,466 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

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.