Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CFO Sells $130,110.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total value of $130,110.00. Following the sale, the chief financial officer now directly owns 9,516 shares of the company’s stock, valued at approximately $1,238,126.76. This represents a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Stuart Canfield also recently made the following trade(s):

• On Thursday, December 26th, Stuart Canfield sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $148.18, for a total value of $148,180.00.

Electronic Arts Trading Up 0.7 %

Shares of NASDAQ:EA opened at $130.93 on Monday. The company has a market cap of $34.12 billion, a P/E ratio of 33.32, a P/E/G ratio of 3.58 and a beta of 0.79. The stock’s 50-day moving average is $137.09 and its 200-day moving average is $146.25. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Equities research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America raised their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. DA Davidson assumed coverage on Electronic Arts in a research note on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective for the company. Wedbush reissued an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Robert W. Baird reduced their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Finally, UBS Group increased their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average price target of $154.55.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently added to or reduced their stakes in EA. Los Angeles Capital Management LLC grew its position in Electronic Arts by 353.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock worth $185,692,000 after buying an additional 989,319 shares in the last quarter. FMR LLC lifted its stake in Electronic Arts by 224.8% during the fourth quarter. FMR LLC now owns 1,207,854 shares of the game software company’s stock worth $176,709,000 after purchasing an additional 835,985 shares during the period. Royal Bank of Canada lifted its stake in Electronic Arts by 130.0% during the fourth quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company’s stock worth $175,758,000 after purchasing an additional 679,032 shares during the period. Norges Bank bought a new position in Electronic Arts during the fourth quarter worth about $96,698,000. Finally, Capital International Investors lifted its stake in Electronic Arts by 5.2% during the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock worth $1,778,553,000 after purchasing an additional 605,796 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

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.