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

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the transaction, the insider now directly owns 40,189 shares in the company, valued at approximately $6,252,202.73. This represents a 5.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $153.30 on Friday. The company has a 50 day moving average price of $143.36 and a 200 day moving average price of $144.90. The firm has a market capitalization of $39.95 billion, a P/E ratio of 39.01, a PEG ratio of 3.58 and a beta of 0.74. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. Electronic Arts’s payout ratio is currently 19.34%.

Analysts Set New Price Targets

A number of research analysts have recently commented on EA shares. UBS Group upped their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a “neutral” rating in a report on Wednesday. Roth Mkm lowered their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Roth Capital restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday. Wedbush lifted their target price on Electronic Arts from $179.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Hsbc Global Res raised Electronic Arts from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and an average price target of $161.83.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds have recently made changes to their positions in EA. Putney Financial Group LLC acquired a new position in shares of Electronic Arts in the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts in the 1st quarter worth approximately $28,000. Pinnacle Bancorp Inc. raised its position in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares during the last quarter. Bank of Jackson Hole Trust lifted its stake in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after acquiring an additional 75 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts in the 4th quarter valued at $32,000. 90.23% of the stock is owned by institutional investors and hedge funds.

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.