Electronic Arts (NASDAQ:EA) EVP Sells $1,005,950.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob Schatz sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total value of $1,005,950.00. Following the completion of the transaction, the executive vice president owned 42,287 shares of the company’s stock, valued at approximately $8,507,721.53. The trade was a 10.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Electronic Arts Stock Performance

Shares of EA traded down $0.90 during mid-day trading on Friday, hitting $200.97. The stock had a trading volume of 2,333,913 shares, compared to its average volume of 2,255,380. The company has a market cap of $50.39 billion, a PE ratio of 57.58, a PEG ratio of 2.22 and a beta of 0.66. The company’s fifty day simple moving average is $201.93 and its two-hundred day simple moving average is $202.24. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a fifty-two week low of $141.19 and a fifty-two week high of $204.88.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 21.78%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EA shares. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Citigroup raised their price target on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus price target of $196.64.

Institutional Trading of Electronic Arts

Several hedge funds have recently added to or reduced their stakes in the business. Groupe la Francaise raised its stake in Electronic Arts by 80.5% during the 1st quarter. Groupe la Francaise now owns 65,396 shares of the game software company’s stock valued at $13,332,000 after acquiring an additional 29,156 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in Electronic Arts during the 1st quarter valued at $2,042,000. Kentucky Retirement Systems raised its stake in Electronic Arts by 61.7% during the 1st quarter. Kentucky Retirement Systems now owns 25,522 shares of the game software company’s stock valued at $5,203,000 after acquiring an additional 9,734 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Electronic Arts during the 1st quarter valued at $34,148,000. Finally, EverSource Wealth Advisors LLC raised its stake in Electronic Arts by 9.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the game software company’s stock valued at $440,000 after acquiring an additional 186 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

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.