Electronic Arts Inc. (NASDAQ:EA) Insider Vijayanthimala Singh Sells 1,000 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the sale, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. This represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

Electronic Arts Stock Up 0.3 %

EA opened at $146.29 on Friday. The firm has a market cap of $38.37 billion, a P/E ratio of 37.61, a price-to-earnings-growth 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. The business has a 50 day moving average price of $157.32 and a 200 day moving average price of $148.79. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50.

Electronic Arts Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EA. Concurrent Investment Advisors LLC bought a new stake in shares of Electronic Arts in the second quarter valued at approximately $249,000. Commonwealth Equity Services LLC grew its position in Electronic Arts by 5.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 47,615 shares of the game software company’s stock worth $6,634,000 after purchasing an additional 2,363 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Electronic Arts by 41.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,721 shares of the game software company’s stock worth $374,000 after purchasing an additional 793 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Electronic Arts by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 20,909 shares of the game software company’s stock valued at $2,913,000 after buying an additional 100 shares during the period. Finally, Simon Quick Advisors LLC grew its position in Electronic Arts by 8.3% during the second quarter. Simon Quick Advisors LLC now owns 3,382 shares of the game software company’s stock worth $471,000 after buying an additional 259 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Stifel Nicolaus reissued a “hold” rating and issued a $167.00 price target on shares of Electronic Arts in a research report on Wednesday, December 18th. Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Argus increased their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets restated an “outperform” rating and set a $160.00 price target (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued 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 $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.