Jacob Schatz Sells 1,200 Shares of Electronic Arts (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob Schatz sold 1,200 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $200.80, for a total value of $240,960.00. Following the completion of the transaction, the executive vice president directly owned 24,880 shares in the company, valued at approximately $4,995,904. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Electronic Arts Price Performance

NASDAQ EA opened at $200.30 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s fifty day moving average price is $180.90 and its 200 day moving average price is $160.42. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. The company has a market cap of $50.12 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 3.04 and a beta of 0.77.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts’s dividend payout ratio is presently 19.05%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EA. TD Cowen downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Argus increased their target price on shares of Electronic Arts from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Roth Capital lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their target price for the stock from $185.00 to $210.00 in a research note on Thursday, October 2nd. Finally, Bank of America increased their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $177.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norden Group LLC purchased a new position in Electronic Arts in the 2nd quarter valued at about $214,000. Focus Partners Advisor Solutions LLC purchased a new position in Electronic Arts in the 1st quarter valued at about $319,000. Vanguard Personalized Indexing Management LLC lifted its stake in Electronic Arts by 34.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after buying an additional 10,453 shares in the last quarter. Vest Financial LLC raised its holdings in Electronic Arts by 5.7% in the 2nd quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock valued at $44,408,000 after acquiring an additional 15,032 shares during the last quarter. Finally, CCM Investment Group LLC acquired a new stake in Electronic Arts in the 1st quarter valued at about $1,625,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

About Electronic Arts

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.