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

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $204.30, for a total value of $245,160.00. Following the sale, the insider owned 32,360 shares in the company, valued at approximately $6,611,148. This represents a 3.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $204.11, for a total value of $244,932.00.
• On Monday, November 17th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $201.42, for a total value of $241,704.00.

Electronic Arts Price Performance

Shares of EA traded up $0.10 during midday trading on Friday, hitting $204.25. 2,067,845 shares of the company traded hands, compared to its average volume of 1,786,886. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $204.88. The firm has a market cap of $51.08 billion, a P/E ratio of 59.72, a PEG ratio of 2.41 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a 50-day moving average of $203.20 and a 200-day moving average of $185.08.

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

Electronic Arts Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EA shares. TD Cowen lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. UBS Group set a $210.00 price objective on shares of Electronic Arts and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price for the company. in a research report on Monday, September 29th. DZ Bank cut Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 29th. Finally, Citigroup raised their price target on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus price target of $181.21.

Hedge Funds Weigh In On Electronic Arts

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Electronic Arts by 5.8% in the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after acquiring an additional 932,024 shares during the last quarter. Pentwater Capital Management LP bought a new position in Electronic Arts during the 3rd quarter worth approximately $968,160,000. Ameriprise Financial Inc. increased 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 during the period. Ninety One UK Ltd lifted its position in Electronic Arts by 4.6% in the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock valued at $695,645,000 after purchasing an additional 193,442 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Electronic Arts by 4.9% in the third quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock valued at $870,328,000 after purchasing an additional 202,657 shares during the last quarter. Hedge funds and other 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.