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 company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares of the company’s stock, valued at $4,969,021.20. This represents a 3.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $143.24, for a total transaction of $143,240.00.

Electronic Arts Price Performance

NASDAQ EA traded up $1.74 during trading on Tuesday, hitting $167.70. 1,723,675 shares of the company’s stock were exchanged, compared to its average volume of 2,045,129. The stock’s 50 day moving average price is $152.04 and its two-hundred day moving average price is $145.52. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market cap of $43.98 billion, a PE ratio of 43.11, a P/E/G ratio of 2.17 and a beta of 0.79.

Electronic Arts Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Electronic Arts by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after buying an additional 26,505 shares during the period. Ninety One UK Ltd boosted its holdings in 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 acquiring an additional 53,237 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Electronic Arts by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after purchasing an additional 18,376 shares during the period. Legal & General Group Plc boosted its stake in shares of Electronic Arts by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after purchasing an additional 53,800 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Electronic Arts by 3.8% in the second 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 period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Morgan Stanley restated an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. BMO Capital Markets reiterated an “outperform” rating and set a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Finally, Roth Mkm upped their target price on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.37.

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.