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

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total transaction of $127,150.00. Following the transaction, the executive vice president now owns 17,426 shares of the company’s stock, valued at approximately $2,215,715.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Electronic Arts Trading Down 1.7 %

Shares of Electronic Arts stock traded down $2.16 during mid-day trading on Friday, hitting $127.00. 1,349,879 shares of the stock were exchanged, compared to its average volume of 2,028,356. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53. The stock has a market capitalization of $33.95 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.78. The company has a 50-day simple moving average of $130.03 and a 200 day simple moving average of $134.48. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. Electronic Arts’s dividend payout ratio is presently 16.24%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EA. Vanguard Group Inc. raised its holdings in Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after buying an additional 3,727,251 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Electronic Arts by 496.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after buying an additional 2,090,504 shares during the last quarter. Norges Bank acquired a new position in Electronic Arts in the fourth quarter worth $281,054,000. Jericho Capital Asset Management L.P. acquired a new position in Electronic Arts in the first quarter worth $189,055,000. Finally, DNB Asset Management AS boosted its holdings in Electronic Arts by 82.3% in the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after purchasing an additional 1,064,022 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of a number of research analyst reports. BMO Capital Markets cut their price target on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Benchmark reiterated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. UBS Group cut their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Finally, 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 report on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and an average target price of $147.00.

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.