Electronic Arts (NASDAQ:EA) Insider Sells $243,600.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the sale, the insider owned 26,360 shares of the company’s stock, valued at approximately $5,351,080. This trade represents a 4.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vijayanthimala Singh also recently made the following trade(s):

• On Friday, May 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $200.81, for a total transaction of $240,972.00.
• 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 transaction of $243,900.00.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $202.15 on Friday. The company’s fifty day moving average is $202.15 and its two-hundred day moving average is $202.39. The company has a market cap of $50.69 billion, a P/E ratio of 57.92, a price-to-earnings-growth ratio of 2.28 and a beta of 0.65. Electronic Arts Inc. has a 12-month low of $146.97 and a 12-month high of $204.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.19 per share. The ex-dividend date was 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 currently 21.78%.

Hedge Funds Weigh In On Electronic Arts

Hedge funds have recently added to or reduced their stakes in the company. Pentwater Capital Management LP grew its position in Electronic Arts by 128.1% in 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 acquiring an additional 6,150,000 shares in the last quarter. Norges Bank acquired a new stake in shares of Electronic Arts in the 4th quarter valued at $643,674,000. HBK Investments L P bought a new stake in Electronic Arts in the fourth quarter worth $390,267,000. Ameriprise Financial Inc. increased its position in Electronic Arts by 44.6% during the second 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 bought a new position in Electronic Arts during the fourth quarter valued at about $165,153,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EA. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Finally, Citigroup increased their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $196.64.

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.