Insider Selling: Electronic Arts (NASDAQ:EA) Insider Sells 1,200 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.69, for a total value of $239,628.00. Following the completion of the transaction, the insider owned 29,960 shares in the company, valued at approximately $5,982,712.40. The trade was a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, February 17th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $200.63, for a total value of $240,756.00.
• On Thursday, January 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $204.30, for a total value of $245,160.00.

Electronic Arts Stock Down 0.0%

EA traded down $0.08 on Tuesday, reaching $200.13. The company’s stock had a trading volume of 1,377,463 shares, compared to its average volume of 2,393,323. The company has a market capitalization of $50.08 billion, a price-to-earnings ratio of 75.24, a P/E/G ratio of 2.38 and a beta of 0.75. 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 quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $201.77 and a two-hundred day moving average of $197.67.

Electronic Arts Dividend Announcement

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

Institutional Investors Weigh In On Electronic Arts

Large investors have recently modified their holdings of the company. Walter Public Investments Inc. grew its holdings in shares of Electronic Arts by 41.7% during the third quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock worth $9,685,000 after buying an additional 14,134 shares during the last quarter. NatWest Group plc acquired a new position in Electronic Arts in the 3rd quarter valued at about $10,414,000. Great Lakes Advisors LLC purchased a new stake in Electronic Arts during the 3rd quarter valued at approximately $1,025,000. Principal Financial Group Inc. raised its stake in Electronic Arts by 35.4% during the 3rd quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock valued at $78,859,000 after acquiring an additional 102,248 shares during the last quarter. Finally, OPTIMAS CAPITAL Ltd acquired a new stake in Electronic Arts during the 3rd quarter worth approximately $1,815,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on EA. Citigroup cut their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $188.30.

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.