Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz Sells 1,500 Shares

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the transaction, the executive vice president now owns 23,386 shares in the company, valued at $3,354,721.70. This trade represents a 6.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Electronic Arts Trading Down 0.5 %

EA stock traded down $0.73 during mid-day trading on Thursday, reaching $141.40. 2,137,223 shares of the stock traded hands, compared to its average volume of 1,965,892. The business has a 50-day moving average price of $156.07 and a two-hundred day moving average price of $149.07. The stock has a market capitalization of $37.08 billion, a PE ratio of 36.35, a PEG ratio of 1.84 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $168.50.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EA shares. Benchmark reissued a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. UBS Group increased their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Institutional Trading of Electronic Arts

Institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its holdings in Electronic Arts by 18.4% during the 2nd quarter. Private Advisor Group LLC now owns 3,526 shares of the game software company’s stock valued at $491,000 after acquiring an additional 548 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Electronic Arts by 8.0% during the second quarter. Envestnet Asset Management Inc. now owns 282,178 shares of the game software company’s stock worth $39,316,000 after purchasing an additional 20,792 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Electronic Arts by 29.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock worth $215,725,000 after purchasing an additional 354,005 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Electronic Arts by 4.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 42,256 shares of the game software company’s stock valued at $5,888,000 after buying an additional 1,839 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Electronic Arts by 13.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,264 shares of the game software company’s stock worth $873,000 after acquiring an additional 765 shares during the period. 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.