Electronic Arts Inc. (NASDAQ:EA) Insider Laura Miele Sells 2,500 Shares

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the sale, the insider now directly owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. This trade represents a 5.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Electronic Arts Trading Down 2.6 %

Shares of EA stock opened at $128.60 on Friday. The business has a 50-day moving average price of $143.99 and a two-hundred day moving average price of $147.33. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market cap of $33.73 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. Equities analysts anticipate that Electronic Arts Inc. will post 5.02 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s payout ratio is presently 19.54%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Argus lifted their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus reduced their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. BNP Paribas cut Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a research report on Monday, January 27th. Finally, DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $155.24.

Institutional Trading of Electronic Arts

Several hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its stake in shares of Electronic Arts by 13.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 6,890 shares of the game software company’s stock worth $1,008,000 after buying an additional 843 shares during the period. Summit X LLC purchased a new position in shares of Electronic Arts in the fourth quarter valued at about $206,000. Moors & Cabot Inc. increased its position in shares of Electronic Arts by 4.9% in the fourth quarter. Moors & Cabot Inc. now owns 2,494 shares of the game software company’s stock valued at $365,000 after acquiring an additional 116 shares during the period. Wealthfront Advisers LLC raised its stake in shares of Electronic Arts by 2.3% during the fourth quarter. Wealthfront Advisers LLC now owns 22,034 shares of the game software company’s stock valued at $3,189,000 after acquiring an additional 501 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its holdings in shares of Electronic Arts by 44.8% during the fourth quarter. Johnson Investment Counsel Inc. now owns 2,947 shares of the game software company’s stock worth $431,000 after purchasing an additional 912 shares during the period. 90.23% of the stock is owned by institutional investors.

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.