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 Friday, May 15th. The shares were sold at an average price of $200.54, for a total transaction of $501,350.00. Following the completion of the transaction, the insider directly owned 40,843 shares of the company’s stock, valued at approximately $8,190,655.22. This trade represents a 5.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $203.21, for a total transaction of $508,025.00.
• On Monday, March 16th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $199.95, for a total transaction of $499,875.00.
• On Tuesday, February 17th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $199.53, for a total transaction of $498,825.00.

Electronic Arts Stock Up 0.2%

Electronic Arts stock traded up $0.41 during mid-day trading on Monday, reaching $201.05. The company’s stock had a trading volume of 2,291,810 shares, compared to its average volume of 2,284,825. The company has a market capitalization of $50.41 billion, a price-to-earnings ratio of 57.61, a price-to-earnings-growth ratio of 2.21 and a beta of 0.66. Electronic Arts Inc. has a 12 month low of $141.19 and a 12 month high of $204.88. The business’s 50 day simple moving average is $201.76 and its 200 day simple moving average is $202.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Trading of Electronic Arts

Several hedge funds and other institutional investors have recently modified their holdings of EA. Ascentis Independent Advisors bought a new stake in shares of Electronic Arts during the 1st quarter worth about $27,000. Ameriflex Group Inc. boosted its holdings in shares of Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares during the period. MV Capital Management Inc. bought a new stake in shares of Electronic Arts during the 4th quarter worth about $28,000. Oakworth Capital Inc. bought a new stake in shares of Electronic Arts during the 3rd quarter worth about $30,000. Finally, Asset Planning Inc bought a new stake in shares of Electronic Arts during the 1st quarter worth about $32,000. Institutional investors own 90.23% of the company’s stock.

About Electronic Arts

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.