Electronic Arts Inc. (NASDAQ:EA) Insider Vijayanthimala Singh Sells 800 Shares of Stock

Electronic Arts Inc. (NASDAQ:EAGet Free Report) insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the transaction, the insider now owns 39,374 shares of the company’s stock, valued at approximately $5,232,017.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, May 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $126.64, for a total value of $101,312.00.
  • On Monday, April 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The shares were sold at an average price of $132.82, for a total value of $106,256.00.

Electronic Arts Stock Up 2.6 %

Shares of NASDAQ:EA opened at $136.50 on Wednesday. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The stock has a market cap of $36.36 billion, a P/E ratio of 29.17, a PEG ratio of 2.12 and a beta of 0.80. The business has a fifty day moving average of $129.72 and a two-hundred day moving average of $134.77. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EAGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.78 billion. On average, research analysts expect that Electronic Arts Inc. will post 5.7 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.56%. Electronic Arts’s payout ratio is 16.24%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EA. UBS Group decreased their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Benchmark reiterated a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Wedbush restated an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, May 8th. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Read Our Latest Analysis on Electronic Arts

Institutional Investors Weigh In On Electronic Arts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the last quarter. Capital International Investors raised its holdings in shares of Electronic Arts by 16.4% in the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after buying an additional 833,492 shares during the period. Invesco Ltd. lifted its stake in Electronic Arts by 7.8% during the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after acquiring an additional 301,194 shares in the last quarter. FIL Ltd boosted its holdings in Electronic Arts by 4.4% during the 4th quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock valued at $469,011,000 after acquiring an additional 145,466 shares during the period. Finally, Morgan Stanley grew its position in Electronic Arts by 13.0% in the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after acquiring an additional 389,063 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Company Profile

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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.

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Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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