Stuart Canfield Sells 1,500 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total value of $211,515.00. Following the transaction, the chief financial officer now directly owns 10,553 shares of the company’s stock, valued at approximately $1,488,078.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Electronic Arts Trading Down 0.7 %

Shares of NASDAQ EA traded down $1.05 during midday trading on Thursday, reaching $139.52. The company had a trading volume of 1,361,729 shares, compared to its average volume of 2,132,201. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The firm’s fifty day moving average price is $132.19 and its 200-day moving average price is $134.91. The stock has a market cap of $37.07 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 2.24 and a beta of 0.80.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.17). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. On average, equities research analysts anticipate that Electronic Arts Inc. will post 5.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were issued a $0.19 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Institutional Trading of Electronic Arts

A number of hedge funds and other institutional investors have recently modified their holdings of EA. Jennison Associates LLC raised its position in shares of Electronic Arts by 1.3% in the 4th quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock worth $867,000 after purchasing an additional 84 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of Electronic Arts by 0.3% in the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock worth $3,261,000 after buying an additional 87 shares in the last quarter. Mirador Capital Partners LP increased its position in shares of Electronic Arts by 2.9% during the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock valued at $447,000 after acquiring an additional 91 shares in the last quarter. Whittier Trust Co. increased its position in shares of Electronic Arts by 4.1% during the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after acquiring an additional 93 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in Electronic Arts by 7.5% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the game software company’s stock worth $164,000 after acquiring an additional 95 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EA shares. Benchmark reaffirmed a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. UBS Group decreased their target price 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. Stifel Nicolaus raised their target price on shares of Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a research note on Monday. Roth Mkm cut their price target on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, Robert W. Baird lowered their price objective on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $147.50.

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.