Electronic Arts (NASDAQ:EA) Insider Laura Miele Sells 2,500 Shares

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $201.06, for a total value of $502,650.00. Following the transaction, the insider owned 55,648 shares in the company, valued at approximately $11,188,586.88. This trade represents a 4.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, October 1st, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $201.79, for a total transaction of $504,475.00.
• On Tuesday, September 2nd, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00.

Electronic Arts Trading Up 0.0%

Shares of NASDAQ:EA opened at $201.89 on Thursday. The company has a market cap of $50.35 billion, a P/E ratio of 58.94, a P/E/G ratio of 3.04 and a beta of 0.74. The stock’s 50-day moving average is $194.21 and its 200-day moving average is $170.04. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84.

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

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio is currently 22.22%.

Institutional Investors Weigh In On Electronic Arts

A number of large investors have recently bought and sold shares of EA. EverSource Wealth Advisors LLC boosted its stake in Electronic Arts by 2.4% in the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock worth $425,000 after purchasing an additional 50 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Electronic Arts by 1.2% in the third quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock valued at $965,000 after buying an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. lifted its position in Electronic Arts by 5.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after buying an additional 59 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in Electronic Arts by 3.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock worth $392,000 after acquiring an additional 67 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its position in Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the stock an “equal weight” rating in a report on Monday, July 28th. Argus set a $210.00 target price on Electronic Arts in a research report on Thursday, October 30th. Roth Capital downgraded Electronic Arts from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $185.00 to $210.00 in a research report on Thursday, October 2nd. Finally, Robert W. Baird restated a “neutral” rating and set a $210.00 price objective (up from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $181.64.

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.