Insider Selling: Electronic Arts Inc. (NASDAQ:EA) Insider Sells 1,000 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now directly owns 29,190 shares of the company’s stock, valued at $4,181,175.60. 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 Tuesday, September 3rd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00.
• On Wednesday, August 28th, Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44.

Electronic Arts Stock Down 0.8 %

NASDAQ EA traded down $1.19 during trading hours on Tuesday, reaching $142.25. 1,503,305 shares of the company’s stock traded hands, compared to its average volume of 2,108,541. Electronic Arts Inc. has a 52-week low of $118.60 and a 52-week high of $153.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a 50-day simple moving average of $145.90 and a 200 day simple moving average of $138.07. The firm has a market cap of $37.80 billion, a PE ratio of 30.40, a PEG ratio of 1.91 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Sell-side analysts anticipate that Electronic Arts Inc. will post 5.93 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EA shares. Morgan Stanley reiterated an “equal weight” rating and set a $150.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. UBS Group raised their target price on Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Bank of America raised their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Finally, The Goldman Sachs Group upped their target price on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.94.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Electronic Arts by 82.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after purchasing an additional 11,343 shares during the last quarter. FORA Capital LLC boosted its stake in Electronic Arts by 209.7% in the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after acquiring an additional 31,136 shares in the last quarter. Duality Advisers LP acquired a new position in shares of Electronic Arts in the 1st quarter valued at $1,711,000. State Board of Administration of Florida Retirement System lifted its position in Electronic Arts by 13.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock worth $46,258,000 after acquiring an additional 41,567 shares during the period. Finally, Cibc World Markets Corp increased its stake in shares of Electronic Arts by 30.9% during the fourth quarter. Cibc World Markets Corp now owns 204,790 shares of the game software company’s stock worth $28,017,000 after acquiring an additional 48,392 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.