Electronic Arts (NASDAQ:EA) Insider Vijayanthimala Singh Sells 1,200 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $204.11, for a total transaction of $244,932.00. Following the transaction, the insider directly owned 33,560 shares of the company’s stock, valued at $6,849,931.60. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Vijayanthimala Singh also recently made the following trade(s):

• On Monday, November 17th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $201.42, for a total transaction of $241,704.00.
• On Wednesday, October 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $200.31, for a total transaction of $240,372.00.
• On Monday, September 29th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $203.40, for a total value of $244,080.00.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $204.20 on Wednesday. The firm has a market cap of $51.07 billion, a PE ratio of 59.71, a PEG ratio of 2.45 and a beta of 0.76. The stock has a 50 day moving average of $201.48 and a 200 day moving average of $177.29. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $204.64.

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

Electronic Arts Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on EA. Hsbc Global Res downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. DZ Bank downgraded Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 29th. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Jefferies Financial Group downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and increased their target price for the company from $200.00 to $210.00 in a research note on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $181.21.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EA. Ameriflex Group Inc. boosted its position in Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after buying an additional 69 shares during the period. Oakworth Capital Inc. bought a new stake in shares of Electronic Arts during the third quarter valued at approximately $30,000. Salomon & Ludwin LLC boosted its holdings in shares of 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 purchasing an additional 68 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in 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 worth $34,000 after purchasing an additional 95 shares in the last quarter. Finally, MTM Investment Management LLC purchased a new position in Electronic Arts during the 2nd quarter worth $30,000. 90.23% of the stock is currently owned by 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.