Insider Selling: Electronic Arts (NASDAQ:EA) Insider Sells 2,500 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total value of $498,825.00. Following the transaction, the insider directly owned 48,343 shares in the company, valued at $9,645,878.79. This trade represents a 4.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Laura Miele also recently made the following trade(s):

• On Thursday, January 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $204.27, for a total transaction of $510,675.00.
• On Monday, December 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00.

Electronic Arts Trading Up 0.4%

Shares of NASDAQ EA traded up $0.70 during midday trading on Wednesday, reaching $200.23. 1,905,035 shares of the stock were exchanged, compared to its average volume of 2,784,942. The stock has a market capitalization of $50.11 billion, a P/E ratio of 75.27, a PEG ratio of 2.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50 day simple moving average of $203.32 and a 200 day simple moving average of $193.50. Electronic Arts Inc. has a twelve month low of $128.02 and a twelve month high of $204.88.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is presently 28.57%.

Institutional Trading of Electronic Arts

A number of institutional investors have recently bought and sold shares of EA. Vanguard Group Inc. lifted its position in shares of Electronic Arts by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock worth $5,879,205,000 after buying an additional 485,030 shares during the last quarter. State Street Corp raised its stake in Electronic Arts by 5.8% during the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock worth $2,726,552,000 after acquiring an additional 932,024 shares in the last quarter. Pentwater Capital Management LP lifted its position in Electronic Arts by 128.1% in the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after acquiring an additional 6,150,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in Electronic Arts by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock valued at $1,382,030,000 after acquiring an additional 143,195 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Electronic Arts by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock worth $926,194,000 after purchasing an additional 374,840 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on EA shares. Argus set a $210.00 target price on shares of Electronic Arts in a report on Thursday, October 30th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Finally, Citigroup cut their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $186.95.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.