Electronic Arts Inc. (NASDAQ:EA - Get Free Report) EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $148.69, for a total value of $223,035.00. Following the completion of the sale, the executive vice president now directly owns 29,948 shares of the company's stock, valued at $4,452,968.12. This represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Electronic Arts Trading Down 0.5%
Shares of NASDAQ EA traded down $0.77 during midday trading on Tuesday, hitting $150.33. The stock had a trading volume of 2,241,305 shares, compared to its average volume of 2,761,771. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a market capitalization of $37.70 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 2.08 and a beta of 0.71. The company has a fifty day moving average price of $147.25 and a 200 day moving average price of $142.92.
Electronic Arts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts's dividend payout ratio is currently 17.92%.
Institutional Investors Weigh In On Electronic Arts
Several large investors have recently made changes to their positions in the business. Putney Financial Group LLC purchased a new position in Electronic Arts in the 4th quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the first quarter worth $28,000. Bank of Jackson Hole Trust boosted its stake in shares of Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after purchasing an additional 75 shares during the period. Whipplewood Advisors LLC acquired a new stake in Electronic Arts during the 4th quarter valued at $32,000. Finally, LGT Financial Advisors LLC purchased a new stake in Electronic Arts during the 4th quarter worth $33,000. Institutional investors and hedge funds own 90.23% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on EA. The Goldman Sachs Group raised their target price on Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Citigroup reiterated a "neutral" rating and issued a $153.00 price objective (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Benchmark upped their target price on shares of Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. TD Cowen lifted their price target on shares of Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Wedbush boosted their price target on Electronic Arts from $179.00 to $210.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $161.88.
Check Out Our Latest Research Report on EA
About Electronic Arts
(
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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.
Further Reading
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