Insider Selling: Electronic Arts Inc. (NASDAQ:EA) EVP Sells $144,860.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $144.86, for a total transaction of $144,860.00. Following the transaction, the executive vice president now owns 29,317 shares in the company, valued at approximately $4,246,860.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $140.20 on Friday. The company has a market cap of $37.26 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 2.33 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a 50 day simple moving average of $136.98 and a 200 day simple moving average of $135.35. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $148.22.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. Research analysts predict that Electronic Arts Inc. will post 5.72 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.54%. The ex-dividend date was Wednesday, May 29th. Electronic Arts’s payout ratio is 16.24%.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently modified their holdings of EA. North Star Investment Management Corp. raised its stake in shares of Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Cape Investment Advisory Inc. raised its stake in shares of Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Electronic Arts during the first quarter valued at $27,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts during the second quarter valued at $28,000. Finally, Larson Financial Group LLC bought a new position in shares of Electronic Arts during the fourth quarter valued at $30,000. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EA. Roth Mkm decreased their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. UBS Group decreased their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Benchmark restated a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday. Robert W. Baird decreased their target price on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $151.33.

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.