Laura Miele Sells 2,500 Shares of Electronic Arts (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total transaction of $504,475.00. Following the sale, the insider directly owned 53,092 shares of the company’s stock, valued at $10,713,434.68. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, September 2nd, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $171.69, for a total value of $429,225.00.
• On Friday, August 1st, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $155.49, for a total value of $388,725.00.

Electronic Arts Price Performance

EA stock opened at $200.69 on Friday. The company has a market cap of $50.21 billion, a PE ratio of 50.30, a price-to-earnings-growth ratio of 3.03 and a beta of 0.77. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $172.45 and a two-hundred day moving average price of $156.67. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were given a dividend of $0.19 per share. 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 dividend payout ratio is 19.05%.

Hedge Funds Weigh In On Electronic Arts

Institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its stake in shares of Electronic Arts by 70.1% during 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 in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the first quarter worth about $28,000. Bank of Jackson Hole Trust boosted its holdings in Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. MTM Investment Management LLC acquired a new stake in Electronic Arts during the 2nd quarter valued at approximately $30,000. Finally, Frazier Financial Advisors LLC increased its holdings in Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EA. Hsbc Global Res cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Baird R W downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Arete raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price target for the company in a research report on Tuesday, August 5th. DZ Bank downgraded Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, Bank of America boosted their price objective on Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.