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 company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $204.27, for a total transaction of $510,675.00. Following the completion of the sale, the insider owned 50,648 shares in the company, valued at $10,345,866.96. This represents a 4.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $204.11, for a total value of $510,275.00.
• 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.

Electronic Arts Stock Up 0.0%

Shares of EA stock traded up $0.10 during trading hours on Friday, reaching $204.25. The company had a trading volume of 2,067,845 shares, compared to its average volume of 1,786,886. The company has a market cap of $51.08 billion, a price-to-earnings ratio of 59.72, a price-to-earnings-growth 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. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $204.88. The business has a fifty day simple moving average of $203.20 and a 200-day simple moving average of $185.08.

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

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s payout ratio is 22.22%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Argus set a $210.00 target price on shares of Electronic Arts in a research report on Thursday, October 30th. Morgan Stanley raised their target price on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Roth Capital cut Electronic Arts from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $185.00 to $210.00 in a research note on Thursday, October 2nd. DZ Bank lowered shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 29th. Finally, TD Cowen downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. Four research 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $181.21.

Institutional Trading of Electronic Arts

Hedge funds and other institutional investors have recently modified their holdings of the business. Salomon & Ludwin LLC grew its stake in Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after buying an additional 68 shares in the last quarter. Ameriflex Group Inc. boosted its holdings in shares of Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after acquiring an additional 69 shares during the period. MTM Investment Management LLC purchased a new position in shares of Electronic Arts in the second quarter valued at $30,000. Oakworth Capital Inc. bought a new stake in shares of Electronic Arts during the 3rd quarter valued at $30,000. Finally, Frazier Financial Advisors LLC grew its holdings in Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after buying an additional 148 shares in the last quarter. 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.