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 Electronic Arts stock in a transaction on Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the transaction, the executive vice president now directly owns 23,360 shares of the company’s stock, valued at $3,814,688. The trade was a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Electronic Arts Stock Up 1.3 %

NASDAQ:EA traded up $2.12 during trading hours on Tuesday, reaching $166.13. The company’s stock had a trading volume of 2,164,938 shares, compared to its average volume of 2,055,433. The stock has a 50 day moving average price of $148.01 and a two-hundred day moving average price of $143.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $43.57 billion, a P/E ratio of 42.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $166.40.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.46%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, October 30th. Roth Mkm upped their target price on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Stifel Nicolaus increased their price target on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Wedbush restated an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a report on Friday, October 25th. Finally, Raymond James upped their price objective on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the second quarter valued at about $28,000. Family Firm Inc. purchased a new position in shares of Electronic Arts in the 2nd quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new stake in Electronic Arts in the 3rd quarter worth approximately $36,000. Finally, Gradient Investments LLC increased its stake in Electronic Arts by 592.1% during the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock valued at $37,000 after purchasing an additional 225 shares in the last quarter. 90.23% of the stock is currently 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.