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

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the transaction, the insider directly owned 27,560 shares of the company’s stock, valued at $5,534,323.60. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $203.25, for a total value of $243,900.00.
• On Monday, March 16th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $199.69, for a total value 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 value of $240,756.00.

Electronic Arts Stock Performance

Shares of NASDAQ EA traded up $0.41 during midday trading on Monday, reaching $201.05. 2,291,810 shares of the company traded hands, compared to its average volume of 2,284,825. The company has a market cap of $50.41 billion, a price-to-earnings ratio of 57.61, a PEG ratio of 2.21 and a beta of 0.66. The stock has a 50-day moving average price of $201.76 and a 200 day moving average price of $202.20. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05.

Electronic Arts Dividend Announcement

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

Institutional Trading of Electronic Arts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Electronic Arts by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock valued at $5,879,205,000 after acquiring an additional 485,030 shares during the last quarter. Pentwater Capital Management LP raised its position in shares of Electronic Arts by 128.1% during the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock worth $2,237,414,000 after purchasing an additional 6,150,000 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Electronic Arts by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock valued at $1,382,030,000 after purchasing an additional 143,195 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Electronic Arts by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock valued at $926,194,000 after purchasing an additional 374,840 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Electronic Arts by 4.9% in the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock valued at $870,328,000 after purchasing an additional 202,657 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on EA. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Citigroup boosted their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $196.64.

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.