Laura Miele Sells 2,500 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Laura Miele sold 2,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total transaction of $398,750.00. Following the transaction, the insider directly owned 60,592 shares of the company's stock, valued at $9,664,424. This represents a 3.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Laura Miele also recently made the following trade(s):

• On Thursday, May 8th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $155.57, for a total value of $388,925.00.

Electronic Arts Trading Down 1.1%

EA stock traded down $1.68 during trading on Friday, hitting $155.35. The company had a trading volume of 1,321,185 shares, compared to its average volume of 2,814,748. The firm has a 50-day moving average price of $150.64 and a 200-day moving average price of $142.43. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. The stock has a market cap of $39.03 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.11 and a beta of 0.73.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were issued a $0.19 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.49%. Electronic Arts's dividend payout ratio is currently 17.92%.

Analysts Set New Price Targets

A number of research firms have weighed in on EA. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a research note on Wednesday, May 7th. Roth Capital upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and lifted their target price for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. Wedbush raised shares of Electronic Arts to a "strong-buy" rating in a research report on Tuesday. Citigroup restated a "neutral" rating and set a $153.00 price target (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Finally, Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $162.80.

Institutional Trading of Electronic Arts

A number of institutional investors have recently bought and sold shares of EA. Financial Management Professionals Inc. raised its position in shares of Electronic Arts by 15.0% in the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock valued at $81,000 after acquiring an additional 73 shares during the period. Bank of Jackson Hole Trust boosted its stake in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after purchasing an additional 75 shares during the period. Whipplewood Advisors LLC grew its holdings in shares of Electronic Arts by 34.2% during the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock worth $43,000 after buying an additional 76 shares in the last quarter. Clarius Group LLC raised its holdings in shares of Electronic Arts by 3.6% in the first quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock valued at $319,000 after purchasing an additional 77 shares during the last quarter. Finally, Intrust Bank NA increased its stake in Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

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.