Electronic Arts (NASDAQ:EA) Insider Sells $499,875.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00. Following the completion of the sale, the insider owned 45,843 shares of the company’s stock, valued at approximately $9,166,307.85. The trade was a 5.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Laura Miele also recently made the following trade(s):

• On Tuesday, February 17th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $199.53, for a total transaction of $498,825.00.
• On Thursday, January 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $204.27, for a total transaction of $510,675.00.

Electronic Arts Stock Up 0.0%

Electronic Arts stock opened at $200.69 on Friday. Electronic Arts Inc. has a fifty-two week low of $131.15 and a fifty-two week high of $204.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s 50-day simple moving average is $201.62 and its 200 day simple moving average is $197.71. The stock has a market cap of $50.22 billion, a PE ratio of 75.45, a price-to-earnings-growth ratio of 2.39 and a beta of 0.75.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts’s payout ratio is presently 28.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. increased its stake in shares of Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $28,000. MTM Investment Management LLC purchased a new position in Electronic Arts in the second quarter valued at approximately $30,000. Oakworth Capital Inc. purchased a new position in Electronic Arts in the third quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after purchasing an additional 95 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on EA. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup cut their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus price target of $188.30.

About Electronic Arts

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.