Electronic Arts (NASDAQ:EA) CFO Stuart Canfield Sells 1,500 Shares

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total transaction of $302,040.00. Following the sale, the chief financial officer owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Electronic Arts Trading Down 0.4%

Shares of EA stock opened at $200.97 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $50.39 billion, a P/E ratio of 57.58, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66. The company has a 50 day moving average price of $201.95 and a 200 day moving average price of $202.23. Electronic Arts Inc. has a fifty-two week low of $141.19 and a fifty-two week high of $204.88.

Electronic Arts Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pentwater Capital Management LP lifted its position in shares of Electronic Arts by 128.1% during the 4th quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock worth $2,237,414,000 after buying an additional 6,150,000 shares during the last quarter. Norges Bank purchased a new stake in shares of Electronic Arts during the 4th quarter worth approximately $643,674,000. HBK Investments L P purchased a new stake in shares of Electronic Arts during the 4th quarter worth approximately $390,267,000. Ameriprise Financial Inc. lifted its position in shares of Electronic Arts by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after buying an additional 1,300,336 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Electronic Arts during the 4th quarter worth approximately $165,153,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Company Profile

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.