Electronic Arts (NASDAQ:EA) Sets New 12-Month High – What’s Next?

Shares of Electronic Arts Inc. (NASDAQ:EA) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $206.63 and last traded at $206.5420, with a volume of 1228540 shares. The stock had previously closed at $206.41.

Analyst Upgrades and Downgrades

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

Electronic Arts Stock Up 0.1%

The firm has a 50-day moving average of $202.76 and a 200 day moving average of $202.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $51.81 billion, a price-to-earnings ratio of 59.21, a PEG ratio of 2.31 and a beta of 0.64.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were paid 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 dividend payout ratio is currently 21.78%.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the transaction, the chief executive officer directly owned 80,974 shares in the company, valued at approximately $16,447,438.88. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jacob J. Schatz sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the sale, the executive vice president directly owned 42,287 shares in the company, valued at $8,507,721.53. This trade represents a 10.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 39,906 shares of company stock worth $8,060,033 in the last quarter. 0.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Ascentis Independent Advisors acquired a new stake in Electronic Arts in the 1st quarter valued at about $27,000. Torren Management LLC raised its stake in Electronic Arts by 235.0% in the second quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after buying an additional 94 shares during the period. MV Capital Management Inc. bought a new stake in Electronic Arts in the fourth quarter valued at approximately $28,000. Asset Planning Inc acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $32,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $32,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.