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

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the transaction, the insider now directly owns 30,216 shares in the company, valued at $4,969,021.20. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, November 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00.
• On Tuesday, October 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00.

Electronic Arts Trading Up 1.0 %

Electronic Arts stock traded up $1.74 during midday trading on Tuesday, reaching $167.70. The stock had a trading volume of 1,723,675 shares, compared to its average volume of 2,045,129. The firm’s fifty day simple moving average is $152.04 and its two-hundred day simple moving average is $145.52. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The firm has a market cap of $43.98 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 2.17 and a beta of 0.79.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EA shares. Robert W. Baird boosted their target price on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Wedbush restated an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a research report on Friday, October 25th. UBS Group raised their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and a consensus price target of $165.37.

Hedge Funds Weigh In On Electronic Arts

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in Electronic Arts by 0.4% during the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after purchasing an additional 26,505 shares during the last quarter. Ninety One UK Ltd raised its position in shares of Electronic Arts by 1.3% in the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock valued at $596,825,000 after purchasing an additional 53,237 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock worth $583,162,000 after buying an additional 18,376 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Electronic Arts by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock worth $367,789,000 after buying an additional 53,800 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Electronic Arts by 3.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company’s stock valued at $290,945,000 after buying an additional 76,621 shares during 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.