Electronic Arts Inc. (NASDAQ:EA – Get Free Report) insider Laura Miele sold 2,500 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $200.54, for a total transaction of $501,350.00. Following the completion of the sale, the insider owned 40,843 shares in the company, valued at approximately $8,190,655.22. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Laura Miele also recently made the following trade(s):
- On Wednesday, April 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $203.21, for a total transaction of $508,025.00.
- On Monday, March 16th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00.
- On Tuesday, February 17th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $199.53, for a total transaction of $498,825.00.
Electronic Arts Trading Up 0.2%
EA traded up $0.41 during mid-day trading on Monday, hitting $201.05. The stock had a trading volume of 2,291,810 shares, compared to its average volume of 2,284,825. The stock’s fifty day simple moving average is $201.76 and its 200-day simple moving average is $202.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $50.41 billion, a price-to-earnings ratio of 57.61, a price-to-earnings-growth ratio of 2.21 and a beta of 0.66. Electronic Arts Inc. has a 1-year low of $141.19 and a 1-year high of $204.88.
Electronic Arts Dividend Announcement
Institutional Investors Weigh In On Electronic Arts
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in shares of Electronic Arts by 11.3% during the first quarter. Royal Bank of Canada now owns 307,635 shares of the game software company’s stock worth $62,717,000 after acquiring an additional 31,151 shares during the period. Empowered Funds LLC raised its holdings in shares of Electronic Arts by 150.9% during the first quarter. Empowered Funds LLC now owns 39,060 shares of the game software company’s stock worth $7,963,000 after acquiring an additional 23,495 shares during the period. Empyrean Capital Partners LP acquired a new stake in shares of Electronic Arts during the first quarter worth $46,278,000. Quantinno Capital Management LP raised its holdings in shares of Electronic Arts by 97.1% during the first quarter. Quantinno Capital Management LP now owns 289,147 shares of the game software company’s stock worth $58,948,000 after acquiring an additional 142,479 shares during the period. Finally, Polar Asset Management Partners Inc. raised its holdings in shares of Electronic Arts by 13.4% during the first quarter. Polar Asset Management Partners Inc. now owns 323,078 shares of the game software company’s stock worth $65,866,000 after acquiring an additional 38,258 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have weighed in on EA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a report on Monday, May 4th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Citigroup raised their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. 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 company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $196.64.
View Our Latest Research Report on EA
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.
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