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

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the completion of the transaction, the insider directly owned 27,560 shares of the company’s stock, valued at approximately $5,534,323.60. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $203.25, for a total transaction of $243,900.00.
• On Monday, March 16th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $199.69, for a total transaction of $239,628.00.
• On Tuesday, February 17th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $200.63, for a total transaction of $240,756.00.

Electronic Arts Stock Performance

NASDAQ:EA opened at $201.70 on Wednesday. The firm has a 50 day simple moving average of $201.84 and a 200-day simple moving average of $202.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $50.58 billion, a PE ratio of 57.79, a P/E/G ratio of 2.22 and a beta of 0.66. Electronic Arts Inc. has a 1-year low of $141.19 and a 1-year high of $204.88.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s payout ratio is presently 21.78%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Electronic Arts by 35.4% during the third quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock worth $78,859,000 after purchasing an additional 102,248 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Electronic Arts during the third quarter worth $1,025,000. OPTIMAS CAPITAL Ltd acquired a new position in shares of Electronic Arts during the third quarter worth $1,815,000. Greenland Capital Management LP acquired a new position in shares of Electronic Arts during the third quarter worth $5,569,000. Finally, Swiss Life Asset Management Ltd lifted its position in shares of Electronic Arts by 75.8% during the third quarter. Swiss Life Asset Management Ltd now owns 85,245 shares of the game software company’s stock worth $17,194,000 after purchasing an additional 36,769 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EA has been the subject of a number of recent analyst reports. Citigroup boosted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a report on Monday, May 4th. Finally, UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $196.64.

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.