Insider Selling: Electronic Arts Inc. (NASDAQ:EA) EVP Sells $234,405.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the sale, the executive vice president now owns 24,886 shares of the company’s stock, valued at $3,888,935.22. The trade was a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Electronic Arts Trading Down 1.4 %

Shares of EA stock opened at $147.89 on Friday. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market cap of $38.79 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 2.14 and a beta of 0.79. The stock has a 50-day moving average of $156.76 and a 200-day moving average of $147.94.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is presently 19.54%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus restated a “hold” rating and set a $167.00 price objective on shares of Electronic Arts in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Wedbush reaffirmed an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a report on Friday, October 25th. UBS Group upped their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird raised their target price on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Electronic Arts by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after purchasing an additional 26,505 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after buying an additional 18,376 shares during the period. Legal & General Group Plc boosted its holdings in shares of Electronic Arts by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock worth $367,789,000 after buying an additional 53,800 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Electronic Arts by 3.8% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company’s stock worth $290,945,000 after buying an additional 76,621 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 buying an additional 354,005 shares during the period. Institutional investors and hedge funds 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.