Insider Selling: Electronic Arts Inc. (NASDAQ:EA) Insider Sells 800 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the sale, the insider now directly owns 38,574 shares in the company, valued at approximately $5,389,173.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 3rd, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $132.88, for a total value of $106,304.00.
• On Wednesday, May 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00.

Electronic Arts Stock Performance

NASDAQ EA traded up $1.56 during trading hours on Tuesday, hitting $138.88. 1,288,423 shares of the stock were exchanged, compared to its average volume of 2,121,092. The company has a market cap of $36.90 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 2.21 and a beta of 0.79. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The stock has a 50-day moving average of $132.91 and a 200 day moving average of $134.83. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.78 billion. As a group, equities research analysts forecast that Electronic Arts Inc. will post 5.72 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Analysts Set New Price Targets

A number of equities analysts recently commented on EA shares. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $150.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. UBS Group lowered their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Oppenheimer reiterated an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Friday, June 21st. Benchmark reiterated a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. Finally, StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. grew its position in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Cape Investment Advisory Inc. grew its position in shares of Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $27,000. Leith Wheeler Investment Counsel Ltd. grew its position in shares of Electronic Arts by 269.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after purchasing an additional 154,989 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $30,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

About Electronic Arts

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.