Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz Sells 1,200 Shares

Key Points

• Jacob J. Schatz, EVP of Electronic Arts Inc., sold 1,200 shares at an average price of $174.65, totaling approximately $209,580, decreasing his position by 4.22%.
• Electronic Arts recently declared a quarterly dividend of $0.19 per share, with an annual yield of 0.4%, payable on September 17th to shareholders of record as of August 27th.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for EA shares, with an average price target of $167.12, amidst various recent adjustments to price targets by major firms.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) EVP Jacob J. Schatz sold 1,200 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $174.65, for a total value of $209,580.00. Following the completion of the transaction, the executive vice president owned 27,248 shares of the company's stock, valued at approximately $4,758,863.20. This represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Electronic Arts Price Performance

NASDAQ:EA traded down $5.51 during mid-day trading on Monday, reaching $169.16. The stock had a trading volume of 3,599,961 shares, compared to its average volume of 3,529,016. The firm has a 50 day moving average price of $156.13 and a two-hundred day moving average price of $146.24. The stock has a market capitalization of $42.33 billion, a P/E ratio of 42.40, a P/E/G ratio of 2.25 and a beta of 0.72. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $180.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts's payout ratio is 19.05%.

Hedge Funds Weigh In On Electronic Arts

A number of large investors have recently bought and sold shares of EA. Brighton Jones LLC increased its holdings in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock valued at $500,000 after purchasing an additional 294 shares during the period. Mariner LLC grew its position in shares of Electronic Arts by 15.0% in the 4th quarter. Mariner LLC now owns 37,854 shares of the game software company's stock worth $5,538,000 after buying an additional 4,938 shares during the last quarter. XTX Topco Ltd grew its position in shares of Electronic Arts by 90.7% in the 4th quarter. XTX Topco Ltd now owns 3,395 shares of the game software company's stock worth $497,000 after buying an additional 1,615 shares during the last quarter. Jump Financial LLC increased its stake in shares of Electronic Arts by 164.2% during the fourth quarter. Jump Financial LLC now owns 11,978 shares of the game software company's stock valued at $1,752,000 after buying an additional 7,445 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Electronic Arts by 3.7% during the fourth quarter. NewEdge Advisors LLC now owns 10,125 shares of the game software company's stock valued at $1,481,000 after acquiring an additional 365 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EA shares. JPMorgan Chase & Co. increased their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of Electronic Arts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. DA Davidson boosted their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the company a "neutral" rating in a research report on Monday, August 11th. UBS Group set a $167.00 price target on shares of Electronic Arts and gave the company a "neutral" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group boosted their price target on shares of Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $167.12.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.

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