Jeff Huber Sells 79,381 Shares of Electronic Arts (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) Director Jeff Huber sold 79,381 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $201.17, for a total transaction of $15,969,075.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeff Huber also recently made the following trade(s):

• On Friday, November 21st, Jeff Huber sold 16,788 shares of Electronic Arts stock. The shares were sold at an average price of $200.72, for a total value of $3,369,687.36.

Electronic Arts Stock Performance

EA stock traded up $0.61 during trading on Tuesday, reaching $201.66. 1,195,048 shares of the company’s stock were exchanged, compared to its average volume of 3,444,680. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75. The firm has a market cap of $50.30 billion, a PE ratio of 58.96, a P/E/G ratio of 3.04 and a beta of 0.74. The company’s fifty day moving average price is $195.99 and its 200-day moving average price is $171.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business earned $1.11 EPS. Electronic Arts’s revenue was down 12.6% compared to the same quarter last year. On average, research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Electronic Arts’s payout ratio is 22.22%.

Institutional Trading of Electronic Arts

A number of institutional investors and hedge funds have recently modified their holdings of EA. Ameriflex Group Inc. increased its stake in Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after purchasing an additional 69 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in Electronic Arts during the 3rd quarter worth $30,000. Salomon & Ludwin LLC grew its stake in Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Electronic Arts by 131.9% in 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 buying an additional 95 shares during the period. Finally, MTM Investment Management LLC bought a new stake in shares of Electronic Arts during the second quarter worth $30,000. 90.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EA has been the topic of a number of recent research reports. Jefferies Financial Group downgraded Electronic Arts from a “buy” rating to a “hold” rating and raised their price objective for the stock from $200.00 to $210.00 in a research report on Tuesday, September 30th. DZ Bank downgraded Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 29th. UBS Group set a $210.00 price objective on shares of Electronic Arts and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Wells Fargo & Company set a $168.00 target price on shares of Electronic Arts and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Finally, Wedbush reissued a “neutral” rating and set a $200.00 price target on shares of Electronic Arts in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $181.64.

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.