Electronic Arts (NASDAQ:EA) Insider Sells $205,824.00 in Stock

Key Points

• Vijayanthimala Singh, an insider at Electronic Arts, sold 1,200 shares for a total of $205,824.00, representing a 3.34% decrease in ownership after the transaction.
• Electronic Arts announced a quarterly dividend of $0.19, with an ex-dividend date of August 27th, corresponding to an annualized yield of 0.4%.
• The company's stock is currently trading at $171.76, down 0.4%, with a market capitalization of $42.98 billion.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Vijayanthimala Singh sold 1,200 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $171.52, for a total value of $205,824.00. Following the transaction, the insider directly owned 34,731 shares in the company, valued at $5,957,061.12. This represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, August 27th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $172.26, for a total value of $206,712.00.
• On Tuesday, July 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $159.53, for a total value of $159,530.00.

Electronic Arts Stock Down 0.4%

NASDAQ:EA traded down $0.62 during mid-day trading on Monday, hitting $171.76. 2,029,845 shares of the company's stock traded hands, compared to its average volume of 2,236,344. The company has a fifty day moving average of $162.98 and a 200 day moving average of $151.97. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $180.90. The company has a market capitalization of $42.98 billion, a P/E ratio of 36.21, a P/E/G ratio of 2.22 and a beta of 0.75. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 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 19.05%.

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock worth $500,000 after acquiring an additional 294 shares during the last quarter. Royal Bank of Canada grew its position in Electronic Arts by 130.0% in the fourth quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company's stock worth $175,758,000 after buying an additional 679,032 shares during the last quarter. Silvercrest Asset Management Group LLC grew its position in Electronic Arts by 1,264.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 101,750 shares of the game software company's stock worth $14,886,000 after buying an additional 94,295 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new position in Electronic Arts during the 4th quarter worth approximately $289,000. Finally, Toronto Dominion Bank grew its position in Electronic Arts by 9.5% during the 4th quarter. Toronto Dominion Bank now owns 137,319 shares of the game software company's stock worth $20,090,000 after purchasing an additional 11,891 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company set a $168.00 price objective on Electronic Arts and gave the company an "equal weight" rating in a report on Monday, July 28th. Wedbush reissued an "outperform" rating and issued a $210.00 price objective on shares of Electronic Arts in a report on Monday, August 25th. UBS Group set a $167.00 price objective on Electronic Arts and gave the company a "neutral" rating in a report on Friday, August 1st. Robert W. Baird increased their price objective on Electronic Arts from $168.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen lowered Electronic Arts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $167.12.

About Electronic Arts

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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