Electronic Arts Inc. (NASDAQ:EA) Insider Vijayanthimala Singh Sells 800 Shares

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now owns 38,574 shares in the company, valued at $5,389,173.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, June 3rd, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $132.88, for a total transaction of $106,304.00.
• On Wednesday, May 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00.

Electronic Arts Stock Performance

NASDAQ:EA traded up $1.56 during midday trading on Tuesday, reaching $138.88. The stock had a trading volume of 1,288,423 shares, compared to its average volume of 2,121,092. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The firm’s fifty day simple moving average is $132.91 and its 200-day simple moving average is $134.83. 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 stock has a market capitalization of $36.90 billion, a P/E ratio of 29.34, a PEG ratio of 2.21 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, equities research analysts forecast that Electronic Arts Inc. will post 5.72 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group dropped their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. BMO Capital Markets reduced their price target on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Finally, Robert W. Baird reduced their price target on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.50.

Institutional Trading of Electronic Arts

A number of hedge funds have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV boosted its holdings in Electronic Arts by 41.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 744 shares of the game software company’s stock valued at $104,000 after purchasing an additional 219 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Electronic Arts by 35.4% during the 2nd quarter. GAMMA Investing LLC now owns 3,151 shares of the game software company’s stock worth $439,000 after acquiring an additional 824 shares during the period. Transcend Capital Advisors LLC bought a new position in shares of Electronic Arts during the 2nd quarter worth about $201,000. NBW Capital LLC lifted its holdings in shares of Electronic Arts by 7.5% during the 1st quarter. NBW Capital LLC now owns 34,916 shares of the game software company’s stock worth $4,632,000 after acquiring an additional 2,430 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Electronic Arts by 39.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,080 shares of the game software company’s stock worth $137,000 after acquiring an additional 304 shares during the period. 90.23% of the stock is owned by institutional investors.

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.