Vijayanthimala Singh Sells 1,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the sale, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, January 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $147.57, for a total value of $147,570.00.
• On Monday, December 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $164.45, for a total value of $164,450.00.

Electronic Arts Price Performance

NASDAQ EA opened at $130.47 on Thursday. The company has a 50-day moving average price of $145.31 and a two-hundred day moving average price of $147.54. The stock has a market cap of $34.22 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. Analysts forecast that Electronic Arts Inc. will post 5.02 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is currently 19.54%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Bank of America lifted their price target on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday. BMO Capital Markets cut their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, Oppenheimer decreased their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $155.24.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in Electronic Arts during the third quarter valued at about $25,000. Pinnacle Bancorp Inc. boosted its position in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $32,000. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $36,000. Finally, Bruce G. Allen Investments LLC lifted its stake in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.