Electronic Arts Inc. (NASDAQ:EA) Insider Sells $164,450.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the transaction, the insider now owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, November 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $150.83, for a total value of $150,830.00.
• On Tuesday, October 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $143.24, for a total value of $143,240.00.

Electronic Arts Trading Down 1.1 %

Shares of NASDAQ:EA opened at $165.62 on Friday. The firm has a fifty day moving average of $153.08 and a two-hundred day moving average of $145.96. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50. The firm has a market capitalization of $43.44 billion, a P/E ratio of 42.58, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EA shares. Roth Mkm upped their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their price target for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Robert W. Baird raised their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a report on Friday, October 25th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EA. Manning & Napier Advisors LLC bought a new stake in Electronic Arts during the second quarter worth approximately $188,159,000. D. E. Shaw & Co. Inc. grew its stake in Electronic Arts by 43.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock valued at $193,727,000 after buying an additional 420,382 shares during the last quarter. National Bank of Canada FI raised its holdings in Electronic Arts by 214.8% in the 2nd quarter. National Bank of Canada FI now owns 533,548 shares of the game software company’s stock worth $73,264,000 after acquiring an additional 364,044 shares during the period. Dimensional Fund Advisors LP lifted its position in Electronic Arts by 29.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock worth $215,725,000 after acquiring an additional 354,005 shares during the last quarter. Finally, abrdn plc boosted its holdings in Electronic Arts by 59.2% during the third quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after acquiring an additional 319,335 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

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.