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 firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $510,275.00. Following the completion of the sale, the insider directly owned 53,148 shares of the company’s stock, valued at $10,848,038.28. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, November 17th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $201.06, for a total value of $502,650.00.
• On Wednesday, October 1st, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $201.79, for a total value of $504,475.00.

Electronic Arts Trading Down 0.3%

Shares of EA opened at $203.63 on Thursday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $204.64. The business has a 50-day moving average of $201.55 and a 200 day moving average of $177.48. The firm has a market cap of $50.93 billion, a P/E ratio of 59.54, a price-to-earnings-growth ratio of 2.45 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.Electronic Arts’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 EPS. As a group, research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

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

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors have recently added to or reduced their stakes in the business. Norden Group LLC purchased a new stake in Electronic Arts in the second quarter worth about $214,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of 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 worth $6,467,000 after buying an additional 10,453 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new position in Electronic Arts during the 1st quarter valued at approximately $319,000. Vest Financial LLC raised its stake in Electronic Arts by 5.7% during the second quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock valued at $44,408,000 after buying an additional 15,032 shares during the last quarter. Finally, Alta Advisers Ltd bought a new stake in Electronic Arts in the second quarter worth $205,000. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EA. Wedbush restated a “neutral” rating and set a $200.00 target price on shares of Electronic Arts in a research report on Monday, September 29th. Robert W. Baird reiterated a “neutral” rating and set a $210.00 price objective (up from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Baird R W cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. TD Cowen downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Finally, Roth Capital lowered Electronic Arts from a “buy” rating to a “neutral” rating and lifted their target price for the company from $185.00 to $210.00 in a report on Thursday, October 2nd. Four equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $181.21.

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.