Insider Selling: Electronic Arts (NASDAQ:EA) Insider Sells $240,372.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $200.31, for a total transaction of $240,372.00. Following the transaction, the insider directly owned 32,331 shares in the company, valued at approximately $6,476,222.61. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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.
• On Monday, September 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $171.52, for a total transaction of $205,824.00.
• On Wednesday, August 27th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $172.26, for a total transaction of $206,712.00.

Electronic Arts Trading Down 0.0%

Shares of EA stock opened at $200.30 on Friday. The stock has a market cap of $50.12 billion, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75. The firm’s 50 day moving average price is $180.90 and its two-hundred day moving average price is $160.53.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were 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 was Wednesday, August 27th. Electronic Arts’s payout ratio is presently 19.05%.

Institutional Trading of Electronic Arts

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sapient Capital LLC bought a new stake in shares of Electronic Arts in the third quarter worth $214,000. FSM Wealth Advisors LLC increased its stake in shares of Electronic Arts by 59.5% in the third quarter. FSM Wealth Advisors LLC now owns 4,551 shares of the game software company’s stock worth $918,000 after buying an additional 1,698 shares during the last quarter. Apollon Wealth Management LLC increased its stake in shares of Electronic Arts by 15.7% in the third quarter. Apollon Wealth Management LLC now owns 4,689 shares of the game software company’s stock worth $946,000 after buying an additional 636 shares during the last quarter. CWM LLC increased its stake in shares of Electronic Arts by 17.1% in the third quarter. CWM LLC now owns 15,390 shares of the game software company’s stock worth $3,104,000 after buying an additional 2,242 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Electronic Arts by 2.6% in the third quarter. Harbor Capital Advisors Inc. now owns 4,895 shares of the game software company’s stock worth $987,000 after buying an additional 125 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. DZ Bank cut shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 29th. Citigroup reissued a “neutral” rating on shares of Electronic Arts in a research report on Friday, September 26th. Wall Street Zen cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Oppenheimer cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $177.00.

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.