Electronic Arts Inc. (NASDAQ:EA) Insider Sells $128,210.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the transaction, the insider now directly owns 18,426 shares in the company, valued at $2,362,397.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Electronic Arts Stock Performance

NASDAQ:EA opened at $125.63 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The stock has a 50-day moving average price of $135.02 and a 200 day moving average price of $134.25. The stock has a market capitalization of $33.59 billion, a P/E ratio of 31.64, a P/E/G ratio of 1.76 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the business posted $2.29 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts forecast that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts’s dividend payout ratio is currently 19.14%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EA. Benchmark reaffirmed a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a report on Thursday. Stifel Nicolaus upped their price target on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. BMO Capital Markets began coverage on Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price on the stock. Wedbush reissued an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Finally, UBS Group lowered their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and an average target price of $147.00.

Institutional Trading of Electronic Arts

Institutional investors have recently made changes to their positions in the business. Resurgent Financial Advisors LLC purchased a new position in Electronic Arts during the 4th quarter valued at approximately $26,000. DHJJ Financial Advisors Ltd. purchased a new position in Electronic Arts during the 3rd quarter valued at approximately $26,000. Bray Capital Advisors grew its holdings in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after buying an additional 110 shares in the last quarter. Quarry LP purchased a new position in Electronic Arts during the 4th quarter valued at approximately $26,000. Finally, Cape Investment Advisory Inc. grew its holdings in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.