Insider Selling: Electronic Arts (NASDAQ:EA) Insider Sells 1,200 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $244,932.00. Following the transaction, the insider owned 33,560 shares of the company’s stock, valued at $6,849,931.60. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 17th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $201.42, for a total value of $241,704.00.
• On Wednesday, October 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $200.31, for a total transaction of $240,372.00.
• On Monday, September 29th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $203.40, for a total transaction of $244,080.00.

Electronic Arts Price Performance

Shares of NASDAQ EA remained flat at $204.20 during mid-day trading on Tuesday. 1,665,175 shares of the stock were exchanged, compared to its average volume of 3,362,426. The company has a market capitalization of $51.07 billion, a PE ratio of 59.71, a P/E/G ratio of 2.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s fifty day moving average is $201.40 and its 200-day moving average is $176.86. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $204.64.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the company posted $1.11 EPS. As a group, equities research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio (DPR) is presently 22.22%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Jefferies Financial Group lowered Electronic Arts from a “buy” rating to a “hold” rating and upped their price objective for the company from $200.00 to $210.00 in a report on Tuesday, September 30th. Cowen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Wedbush reaffirmed a “neutral” rating and set a $200.00 price target on shares of Electronic Arts in a research report on Monday, September 29th. Oppenheimer downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and a consensus price target of $181.21.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norden Group LLC acquired a new position in Electronic Arts during the second quarter worth about $214,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Electronic Arts by 34.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after purchasing an additional 10,453 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in shares of Electronic Arts during the 1st quarter valued at approximately $319,000. Vest Financial LLC increased its position in Electronic Arts by 5.7% during the 2nd quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock worth $44,408,000 after purchasing an additional 15,032 shares in the last quarter. Finally, Alta Advisers Ltd acquired a new stake in Electronic Arts in the second quarter valued at approximately $205,000. 90.23% of the stock is currently 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.