Electronic Arts (NASDAQ:EA) CFO Sells $657,300.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 3,500 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $187.80, for a total value of $657,300.00. Following the completion of the transaction, the chief financial officer directly owned 11,640 shares in the company, valued at $2,185,992. This represents a 23.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, September 29th, Stuart Canfield sold 6,500 shares of Electronic Arts stock. The shares were sold at an average price of $203.40, for a total value of $1,322,100.00.
• On Wednesday, August 20th, Stuart Canfield sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $171.06, for a total value of $171,060.00.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $201.00 on Friday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The firm has a market capitalization of $50.29 billion, a price-to-earnings ratio of 50.38, a PEG ratio of 3.04 and a beta of 0.77. The business has a 50-day simple moving average of $171.47 and a 200 day simple moving average of $156.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts’s payout ratio is presently 19.05%.

Institutional Trading of Electronic Arts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EA. Salomon & Ludwin LLC increased its holdings in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after purchasing an additional 68 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the 1st quarter worth approximately $28,000. Bank of Jackson Hole Trust boosted its stake in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after buying an additional 75 shares during the last quarter. MTM Investment Management LLC purchased a new position in shares of Electronic Arts in the 2nd quarter worth approximately $30,000. Finally, Frazier Financial Advisors LLC boosted its stake in shares of Electronic Arts by 328.9% in the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after buying an additional 148 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

EA has been the subject of a number of research analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Electronic Arts in a research report on Monday. Hsbc Global Res lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group lowered Electronic Arts from a “buy” rating to a “hold” rating and boosted their target price for the company from $200.00 to $210.00 in a research report on Tuesday. Baird R W lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, DA Davidson boosted their target price on Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and an average target price of $177.00.

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.