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 Electronic Arts stock in a transaction on Friday, May 15th. The stock was sold at an average price of $200.54, for a total transaction of $501,350.00. Following the completion of the transaction, the insider directly owned 40,843 shares in the company, valued at approximately $8,190,655.22. The trade was a 5.77% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $203.21, for a total transaction of $508,025.00.
• On Monday, March 16th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $199.95, for a total transaction of $499,875.00.
• 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.

Electronic Arts Stock Up 0.3%

Shares of Electronic Arts stock opened at $201.70 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $201.84 and its two-hundred day simple moving average is $202.22. The company has a market cap of $50.58 billion, a P/E ratio of 57.79, a PEG ratio of 2.22 and a beta of 0.66. Electronic Arts Inc. has a 12-month low of $141.19 and a 12-month high of $204.88.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be 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 is Wednesday, May 27th. Electronic Arts’s payout ratio is presently 21.78%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup boosted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $196.64.

Institutional Trading of Electronic Arts

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Electronic Arts by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock worth $5,879,205,000 after purchasing an additional 485,030 shares in the last quarter. Pentwater Capital Management LP boosted its stake in Electronic Arts by 128.1% in the 4th quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock worth $2,237,414,000 after purchasing an additional 6,150,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in Electronic Arts by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock worth $1,382,030,000 after purchasing an additional 143,195 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Electronic Arts by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock worth $926,194,000 after purchasing an additional 374,840 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Electronic Arts by 4.9% in the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock worth $870,328,000 after purchasing an additional 202,657 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

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.