Insider Selling: Electronic Arts Inc. (NASDAQ:EA) General Counsel Sells $142,630.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 16th. The stock was sold at an average price of $142.63, for a total value of $142,630.00. Following the transaction, the general counsel now owns 20,579 shares of the company’s stock, valued at $2,935,182.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jacob J. Schatz also recently made the following trade(s):

  • On Wednesday, June 16th, Jacob J. Schatz sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $144.14, for a total value of $144,140.00.

NASDAQ:EA opened at $140.72 on Thursday. Electronic Arts Inc. has a 1-year low of $110.15 and a 1-year high of $150.30. The firm has a 50-day moving average of $142.27. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $40.27 billion, a price-to-earnings ratio of 49.20 and a beta of 0.89.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Monday, May 10th. The game software company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. Electronic Arts had a return on equity of 16.74% and a net margin of 14.87%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. As a group, sell-side analysts expect that Electronic Arts Inc. will post 4.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 23rd. Shareholders of record on Wednesday, June 2nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 0.48%. Electronic Arts’s dividend payout ratio (DPR) is currently 14.98%.

A number of research analysts have recently commented on the company. Moffett Nathanson assumed coverage on Electronic Arts in a report on Thursday, June 24th. They set a “neutral” rating and a $151.00 price target for the company. Jefferies Financial Group assumed coverage on Electronic Arts in a research report on Thursday, April 22nd. They set a “buy” rating and a $165.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $165.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 12th. TheStreet cut Electronic Arts from a “b” rating to a “c+” rating in a research report on Tuesday, May 11th. Finally, Benchmark boosted their price objective on Electronic Arts from $177.00 to $181.00 and gave the company a “buy” rating in a research report on Wednesday, May 12th. Nine research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $161.22.

Several institutional investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. increased its holdings in shares of Electronic Arts by 3.2% in the first quarter. Coldstream Capital Management Inc. now owns 2,329 shares of the game software company’s stock worth $315,000 after acquiring an additional 72 shares in the last quarter. GYL Financial Synergies LLC grew its holdings in shares of Electronic Arts by 2.0% during the first quarter. GYL Financial Synergies LLC now owns 3,762 shares of the game software company’s stock worth $509,000 after buying an additional 74 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Electronic Arts by 2.2% during the first quarter. Raymond James Trust N.A. now owns 3,868 shares of the game software company’s stock worth $523,000 after buying an additional 82 shares in the last quarter. Alhambra Investment Partners LLC grew its holdings in shares of Electronic Arts by 4.3% during the second quarter. Alhambra Investment Partners LLC now owns 2,085 shares of the game software company’s stock worth $300,000 after buying an additional 85 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Electronic Arts by 2.9% during the first quarter. Cerity Partners LLC now owns 3,116 shares of the game software company’s stock worth $422,000 after buying an additional 89 shares in the last quarter. Institutional investors own 88.42% 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 Plants vs.

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Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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