Jacob J. Schatz Sells 1,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the transaction, the insider now owns 18,426 shares in the company, valued at $2,362,397.46. The sale was disclosed in a document filed with the SEC, which is available at this link.

Electronic Arts Trading Down 0.5 %

Shares of EA opened at $125.63 on Friday. The business has a 50-day moving average of $135.02 and a 200 day moving average of $134.25. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The firm has a market cap of $33.59 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data 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 return on equity of 20.58% and a net margin of 14.09%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the business posted $2.29 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. As a group, research analysts forecast that Electronic Arts Inc. will post 5.36 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.14%.

Analysts Set New Price Targets

EA has been the topic of several recent analyst reports. Stifel Nicolaus raised their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. BMO Capital Markets initiated coverage on Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. UBS Group dropped their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Wedbush reaffirmed an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently added to or reduced their stakes in EA. Vanguard Group Inc. grew its holdings in Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after buying an additional 3,600,388 shares in the last quarter. State Street Corp grew its holdings in Electronic Arts by 2.2% during the 1st quarter. State Street Corp now owns 12,912,701 shares of the game software company’s stock valued at $1,555,333,000 after buying an additional 272,146 shares in the last quarter. Geode Capital Management LLC grew its holdings in Electronic Arts by 0.9% during the 1st quarter. Geode Capital Management LLC now owns 5,808,956 shares of the game software company’s stock valued at $698,212,000 after buying an additional 52,736 shares in the last quarter. Capital International Investors grew its holdings in Electronic Arts by 8.3% during the 4th quarter. Capital International Investors now owns 5,067,765 shares of the game software company’s stock valued at $693,318,000 after buying an additional 386,630 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Electronic Arts by 7.8% during the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock valued at $500,449,000 after acquiring an additional 301,194 shares during the last quarter. 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.