Electronic Arts Inc. (NASDAQ:EA) CAO Eric Charles Kelly Sells 3,000 Shares

Electronic Arts Inc. (NASDAQ:EA) CAO Eric Charles Kelly sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total transaction of $401,250.00. Following the transaction, the chief accounting officer now owns 7,458 shares in the company, valued at approximately $997,507.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Electronic Arts Price Performance

NASDAQ EA opened at $135.06 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The company has a market cap of $35.98 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The firm’s 50-day simple moving average is $129.53 and its two-hundred day simple moving average is $134.75.

Electronic Arts Announces Dividend

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 issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.56%. The ex-dividend date is Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Wall Street Analyst Weigh In

EA has been the topic of a number of research reports. Benchmark reaffirmed a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. Robert W. Baird dropped their price target on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, Roth Mkm cut their target price on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Institutional Investors Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. increased its position in shares of Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after buying an additional 150 shares during the period. Cape Investment Advisory Inc. increased its holdings in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after acquiring an additional 101 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in Electronic Arts in the 1st quarter worth approximately $27,000. Larson Financial Group LLC bought a new position in Electronic Arts in the 4th quarter valued at $30,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of Electronic Arts during the 4th quarter valued at $31,000. 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.