Jacob J. Schatz Sells 1,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares in the company, valued at approximately $2,362,397.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Electronic Arts Stock Up 1.3 %

EA stock opened at $127.27 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a fifty day simple moving average of $134.75 and a 200 day simple moving average of $134.30. The firm has a market cap of $34.03 billion, a PE ratio of 32.06, a PEG ratio of 1.75 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.29 EPS. Sell-side analysts anticipate that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.14%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quarry LP bought a new position in Electronic Arts in the 4th quarter worth $26,000. Cape Investment Advisory Inc. increased its holdings in shares of Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after purchasing an additional 101 shares during the period. Redmont Wealth Advisors LLC bought a new position in shares of Electronic Arts during the 1st quarter worth about $27,000. Resurgent Financial Advisors LLC bought a new position in shares of Electronic Arts during the 4th quarter worth about $26,000. Finally, DHJJ Financial Advisors Ltd. bought a new position in shares of Electronic Arts during the 3rd quarter worth about $26,000. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of several recent research reports. Stifel Nicolaus lifted their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. BMO Capital Markets started coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. Wedbush reiterated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. UBS Group lowered their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Finally, Benchmark reiterated a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research report on Thursday. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

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.