Electronic Arts Inc. (NASDAQ:EA) COO Sells $430,435.00 in Stock

Electronic Arts Inc. (NASDAQ:EAGet Rating) COO Laura Miele sold 3,100 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $138.85, for a total transaction of $430,435.00. Following the completion of the sale, the chief operating officer now directly owns 36,700 shares of the company’s stock, valued at approximately $5,095,795. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Laura Miele also recently made the following trade(s):

  • On Monday, May 2nd, Laura Miele sold 3,100 shares of Electronic Arts stock. The shares were sold at an average price of $119.23, for a total transaction of $369,613.00.
  • On Friday, April 1st, Laura Miele sold 3,100 shares of Electronic Arts stock. The shares were sold at an average price of $124.91, for a total transaction of $387,221.00.

NASDAQ EA traded up $1.97 on Thursday, hitting $141.50. The company’s stock had a trading volume of 2,864,543 shares, compared to its average volume of 2,508,740. The company’s 50-day moving average is $126.10 and its 200 day moving average is $128.67. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $109.24 and a 1-year high of $148.93. The firm has a market cap of $39.61 billion, a PE ratio of 50.55, a PEG ratio of 2.25 and a beta of 0.81.

Electronic Arts (NASDAQ:EAGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The game software company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.22). Electronic Arts had a net margin of 11.29% and a return on equity of 18.99%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities analysts expect that Electronic Arts Inc. will post 5.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 8th will be paid a $0.19 dividend. This is a positive change from Electronic Arts’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Tuesday, June 7th. Electronic Arts’s dividend payout ratio is currently 24.64%.

Several equities analysts have recently commented on EA shares. Wedbush dropped their target price on shares of Electronic Arts from $180.00 to $164.00 in a research report on Wednesday, May 11th. Barclays dropped their target price on shares of Electronic Arts from $152.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 2nd. Wells Fargo & Company dropped their target price on shares of Electronic Arts from $155.00 to $145.00 in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Electronic Arts from $170.00 to $165.00 in a research report on Wednesday, May 11th. Finally, Stifel Nicolaus lowered their price objective on shares of Electronic Arts from $165.00 to $155.00 in a research report on Thursday, April 21st. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $155.54.

Large investors have recently bought and sold shares of the company. Equitec Proprietary Markets LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at $25,000. Tortoise Investment Management LLC boosted its stake in shares of Electronic Arts by 294.1% in the 1st quarter. Tortoise Investment Management LLC now owns 201 shares of the game software company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in shares of Electronic Arts in the 4th quarter valued at $28,000. Old North State Trust LLC boosted its stake in Electronic Arts by 59.2% during the fourth quarter. Old North State Trust LLC now owns 242 shares of the game software company’s stock worth $32,000 after acquiring an additional 90 shares in the last quarter. Finally, Tyler Stone Wealth Management bought a new position in Electronic Arts during the fourth quarter worth $33,000. 89.28% of the stock is currently owned by institutional investors.

Electronic Arts Company Profile (Get Rating)

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 Plants vs.

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