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 dated Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the sale, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $149.92 on Thursday. The business has a 50 day moving average of $156.64 and a 200 day moving average of $147.94. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The company has a market cap of $39.32 billion, a PE ratio of 38.54, a P/E/G ratio of 2.14 and a beta of 0.79. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Institutional Investors Weigh In On Electronic Arts

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Electronic Arts by 0.4% during the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after purchasing an additional 26,505 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Electronic Arts by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock worth $583,162,000 after acquiring an additional 18,376 shares in the last quarter. Legal & General Group Plc grew its holdings in Electronic Arts by 2.1% in the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock worth $367,789,000 after purchasing an additional 53,800 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Electronic Arts by 3.8% during 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 purchasing an additional 76,621 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Electronic Arts by 29.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock valued at $215,725,000 after purchasing an additional 354,005 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Benchmark restated a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Argus boosted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, UBS Group raised their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

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.