Electronic Arts (NASDAQ:EA) EVP Sells $1,005,950.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob Schatz sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the sale, the executive vice president owned 42,287 shares in the company, valued at $8,507,721.53. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Electronic Arts Price Performance

Shares of EA stock traded down $0.90 during midday trading on Friday, reaching $200.97. 2,333,913 shares of the company were exchanged, compared to its average volume of 2,255,380. Electronic Arts Inc. has a 12 month low of $141.19 and a 12 month high of $204.88. The company has a market cap of $50.39 billion, a P/E ratio of 57.58, a PEG ratio of 2.22 and a beta of 0.66. The company’s 50 day moving average price is $201.93 and its two-hundred day moving average price is $202.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th 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 is Wednesday, May 27th. Electronic Arts’s payout ratio is 21.78%.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors purchased a new position in shares of Electronic Arts during the first quarter valued at $27,000. MV Capital Management Inc. purchased a new position in shares of Electronic Arts during the fourth quarter valued at $28,000. Ameriflex Group Inc. grew its holdings in shares of Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after buying an additional 69 shares in the last quarter. Oakworth Capital Inc. purchased a new position in shares of Electronic Arts during the third quarter valued at $30,000. Finally, Asset Planning Inc purchased a new position in shares of Electronic Arts during the first quarter valued at $32,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on EA shares. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup boosted their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Three analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $196.64.

About Electronic Arts

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.