Insider Selling: Electronic Arts Inc. (NASDAQ:EA) Insider Sells $111,768.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the transaction, the insider now directly owns 38,574 shares in the company, valued at approximately $5,389,173.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vijayanthimala Singh also recently made the following trade(s):

• On Monday, June 3rd, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The shares were sold at an average price of $132.88, for a total transaction of $106,304.00.
• On Wednesday, May 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00.

Electronic Arts Price Performance

EA opened at $138.67 on Friday. The company has a fifty day simple moving average of $133.59 and a 200 day simple moving average of $134.88. The firm has a market cap of $36.85 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.20 and a beta of 0.79. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. Equities research analysts expect that Electronic Arts Inc. will post 5.72 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.55%. The ex-dividend date was Wednesday, May 29th. Electronic Arts’s dividend payout ratio is currently 16.24%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC grew its holdings in Electronic Arts by 1.3% during the 4th quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock worth $867,000 after acquiring an additional 84 shares in the last quarter. Mirador Capital Partners LP lifted its position in shares of Electronic Arts by 2.9% in the 4th quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock worth $447,000 after buying an additional 91 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Electronic Arts by 4.1% in the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock worth $322,000 after buying an additional 93 shares during the last quarter. MCF Advisors LLC lifted its position in shares of Electronic Arts by 36.9% in the 4th quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock worth $49,000 after buying an additional 96 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Electronic Arts by 4.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after buying an additional 97 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Roth Mkm reduced their price objective on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. UBS Group cut their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Finally, Benchmark reissued a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus target price of $147.50.

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.