Insider Selling: Electronic Arts (NASDAQ:EA) Insider Sells 2,500 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $510,275.00. Following the completion of the transaction, the insider 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 SEC, which is accessible through this link.

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

• On Monday, November 17th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was 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 shares were sold at an average price of $201.79, for a total transaction of $504,475.00.

Electronic Arts Stock Performance

NASDAQ:EA remained flat at $204.20 during mid-day trading on Tuesday. 1,665,175 shares of the company traded hands, compared to its average volume of 3,362,426. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $204.64. 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 company has a market cap of $51.07 billion, a price-to-earnings ratio of 59.71, a P/E/G ratio of 2.44 and a beta of 0.76. The stock’s fifty day moving average is $201.40 and its 200 day moving average is $176.86.

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

Electronic Arts Announces Dividend

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

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently modified their holdings of EA. Brighton Jones LLC boosted its stake in Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after acquiring an additional 294 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in shares of Electronic Arts by 97.0% during the first quarter. Vestmark Advisory Solutions Inc. now owns 3,703 shares of the game software company’s stock valued at $535,000 after purchasing an additional 1,823 shares during the period. Horizon Investments LLC raised its holdings in shares of Electronic Arts by 4.1% during the first quarter. Horizon Investments LLC now owns 3,423 shares of the game software company’s stock valued at $495,000 after purchasing an additional 135 shares during the period. Algert Global LLC bought a new position in shares of Electronic Arts during the 1st quarter worth about $890,000. Finally, Freestone Capital Holdings LLC grew its stake in shares of Electronic Arts by 7.9% in the 1st quarter. Freestone Capital Holdings LLC now owns 9,632 shares of the game software company’s stock valued at $1,392,000 after buying an additional 708 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of analyst reports. UBS Group set a $210.00 price target on Electronic Arts and gave the company a “neutral” rating in a research report on Tuesday, September 30th. BMO Capital Markets upped their target price on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a report on Tuesday, September 30th. Cowen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Wedbush restated a “neutral” rating and issued a $200.00 price target on shares of Electronic Arts in a research report on Monday, September 29th. Finally, Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.