Electronic Arts Inc. (NASDAQ:EA) Director Sells $666,684.48 in Stock

Electronic Arts Inc. (NASDAQ:EAGet Free Report) Director Luis A. Ubinas sold 4,872 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total value of $666,684.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Electronic Arts Stock Performance

NASDAQ EA opened at $140.61 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $108.53 and a twelve month high of $143.47. The business has a 50-day moving average price of $137.65 and a 200-day moving average price of $130.07. The firm has a market cap of $37.59 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78.

Electronic Arts (NASDAQ:EAGet Free Report) last posted its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.29 earnings per share. As a group, equities research analysts predict that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Wednesday, February 28th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Tuesday, February 27th. Electronic Arts’s payout ratio is 19.14%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Stifel Nicolaus raised their price target on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Wolfe Research initiated coverage on shares of Electronic Arts in a research note on Tuesday, December 12th. They set a “peer perform” rating on the stock. TheStreet raised shares of Electronic Arts from a “c+” rating to a “b-” rating in a report on Monday, November 27th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 1st. Finally, Wedbush restated an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $146.94.

Check Out Our Latest Stock Analysis on EA

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC grew its stake in shares of Electronic Arts by 10.6% during the fourth quarter. Intech Investment Management LLC now owns 153,429 shares of the game software company’s stock valued at $20,991,000 after buying an additional 14,738 shares during the last quarter. Johnson Financial Group Inc. increased its position in shares of Electronic Arts by 5,540.7% during the fourth quarter. Johnson Financial Group Inc. now owns 3,328 shares of the game software company’s stock worth $455,000 after purchasing an additional 3,269 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Electronic Arts by 4.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 78,231 shares of the game software company’s stock valued at $10,703,000 after buying an additional 3,561 shares during the last quarter. TCW Group Inc. grew its stake in shares of Electronic Arts by 14.3% during the fourth quarter. TCW Group Inc. now owns 17,507 shares of the game software company’s stock worth $2,395,000 after acquiring an additional 2,193 shares during the last quarter. Finally, AXS Investments LLC increased its holdings in shares of Electronic Arts by 130.2% during the fourth quarter. AXS Investments LLC now owns 15,384 shares of the game software company’s stock valued at $2,105,000 after acquiring an additional 8,701 shares in the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.

Electronic Arts Company Profile

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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.

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

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