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

Electronic Arts Inc. (NASDAQ:EAGet Free Report) insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $132.82, for a total transaction of $106,256.00. Following the completion of the transaction, the insider now directly owns 27,083 shares in the company, valued at $3,597,164.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Friday, March 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The shares were sold at an average price of $139.08, for a total transaction of $111,264.00.
  • On Thursday, February 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00.

Electronic Arts Price Performance

Shares of EA traded down $1.19 during mid-day trading on Tuesday, reaching $132.15. The company had a trading volume of 2,032,600 shares, compared to its average volume of 2,069,757. The company’s 50 day simple moving average is $137.26 and its 200 day simple moving average is $133.60. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $35.33 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 1.96 and a beta of 0.76.

Electronic Arts (NASDAQ:EAGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.29 earnings per share. Analysts expect that Electronic Arts Inc. will post 5.36 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 0.58%. Electronic Arts’s dividend payout ratio is presently 19.14%.

Institutional Investors Weigh In On Electronic Arts

Several hedge funds have recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda acquired a new stake in Electronic Arts during the 4th quarter worth approximately $57,000. Quadrature Capital Ltd acquired a new stake in Electronic Arts during the 4th quarter worth approximately $1,395,000. PNC Financial Services Group Inc. boosted its position in Electronic Arts by 4.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 39,723 shares of the game software company’s stock worth $5,434,000 after buying an additional 1,553 shares during the period. Wahed Invest LLC boosted its position in Electronic Arts by 5.9% during the 4th quarter. Wahed Invest LLC now owns 4,620 shares of the game software company’s stock worth $632,000 after buying an additional 257 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in Electronic Arts by 121.5% during the 4th quarter. V Square Quantitative Management LLC now owns 7,506 shares of the game software company’s stock worth $1,027,000 after buying an additional 4,117 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on EA. Stifel Nicolaus upped their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. BMO Capital Markets assumed coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target on the stock. Wedbush reiterated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Wolfe Research assumed coverage on shares of Electronic Arts in a research note on Tuesday, December 12th. They set a “peer perform” rating on the stock. Finally, UBS Group reduced their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

View Our Latest Stock Analysis on EA

About Electronic Arts

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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.

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Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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