Electronic Arts Inc. (NASDAQ:EA) Insider Laura Miele Sells 2,500 Shares

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the completion of the sale, the insider now owns 40,189 shares in the company, valued at approximately $6,252,202.73. The trade was a 5.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Electronic Arts Stock Down 1.5%

Shares of NASDAQ:EA opened at $153.30 on Monday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $39.95 billion, a P/E ratio of 39.01, a P/E/G ratio of 3.58 and a beta of 0.74. The firm has a fifty day moving average price of $143.36 and a 200 day moving average price of $144.90.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EA. Roth Capital reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday. HSBC raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Wednesday, May 7th. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a report on Wednesday. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research report on Monday, January 27th. Finally, Moffett Nathanson reaffirmed a “neutral” rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts presently has an average rating of “Hold” and an average target price of $161.83.

Hedge Funds Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Putney Financial Group LLC purchased a new stake in Electronic Arts during the 4th quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the first quarter worth approximately $28,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the period. Bank of Jackson Hole Trust grew its position in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after buying an additional 75 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Electronic Arts in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.