Electronic Arts Inc. (NASDAQ:EA) EVP Sells $215,175.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total transaction of $215,175.00. Following the transaction, the executive vice president now owns 23,386 shares of the company’s stock, valued at approximately $3,354,721.70. This represents a 6.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Electronic Arts Stock Performance

EA opened at $142.00 on Friday. The business’s 50-day simple moving average is $155.38 and its 200 day simple moving average is $149.12. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $37.24 billion, a PE ratio of 36.50, a PEG ratio of 1.84 and a beta of 0.80.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds and other institutional investors have recently made changes to their positions in EA. Ashton Thomas Securities LLC acquired a new stake in Electronic Arts in the third quarter valued at $25,000. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in Electronic Arts in the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC grew its holdings in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after purchasing an additional 166 shares during the period. Finally, Larson Financial Group LLC raised its stake in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the period. 90.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and boosted their price target for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Stifel Nicolaus reiterated a “hold” rating and set a $167.00 price objective on shares of Electronic Arts in a report on Wednesday, December 18th. Finally, Argus increased their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average 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.