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 Electronic Arts stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the transaction, the insider now owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Electronic Arts Stock Up 1.6 %

NASDAQ EA traded up $2.46 on Wednesday, reaching $157.96. 2,289,023 shares of the stock traded hands, compared to its average volume of 2,061,233. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.43. The company has a fifty day moving average price of $145.17 and a 200-day moving average price of $140.78. The company has a market cap of $41.73 billion, a price-to-earnings ratio of 39.97, a PEG ratio of 1.95 and a beta of 0.78. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $159.34.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EA. Advisory Alpha LLC raised its position in shares of Electronic Arts by 51.0% in the 1st quarter. Advisory Alpha LLC now owns 2,238 shares of the game software company’s stock worth $297,000 after acquiring an additional 756 shares in the last quarter. Duality Advisers LP acquired a new position in Electronic Arts during the 1st quarter valued at about $1,711,000. Empirical Finance LLC increased its position in Electronic Arts by 3.2% during the 1st quarter. Empirical Finance LLC now owns 9,620 shares of the game software company’s stock valued at $1,276,000 after buying an additional 296 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Electronic Arts by 25.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 32,947 shares of the game software company’s stock valued at $4,371,000 after buying an additional 6,766 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in Electronic Arts by 2,432.9% during the 1st quarter. Quantbot Technologies LP now owns 37,791 shares of the game software company’s stock valued at $5,014,000 after buying an additional 36,299 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Oppenheimer lifted their target price on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. dropped their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. TD Cowen lifted their target price on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, UBS Group lifted their target price on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus price target of $164.39.

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.