Electronic Arts (NASDAQ:EA) Insider Vijayanthimala Singh Sells 1,200 Shares

Key Points

• Vijayanthimala Singh, an insider at Electronic Arts, sold 1,200 shares of the company's stock at an average price of **$203.40**, totaling **$244,080** in value.
• The company's recent trading data show a current share price of $201.70 and a market cap of $50.47 billion, with a price-to-earnings (P/E) ratio of **50.55**.
• Electronic Arts has received ratings from analysts with a consensus of **"Hold"** and an average target price of **$176.04**, highlighting mixed investor sentiment regarding the stock's future performance.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Vijayanthimala Singh sold 1,200 shares of the business's stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $244,080.00. Following the completion of the transaction, the insider directly owned 33,531 shares of the company's stock, valued at $6,820,205.40. The trade was a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, September 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $171.52, for a total value of $205,824.00.
• On Wednesday, August 27th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $172.26, for a total value of $206,712.00.

Electronic Arts Price Performance

Shares of EA stock traded down $0.35 during trading hours on Tuesday, hitting $201.70. 8,926,801 shares of the company's stock were exchanged, compared to its average volume of 3,579,186. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The firm has a market cap of $50.47 billion, a P/E ratio of 50.55, a P/E/G ratio of 2.94 and a beta of 0.75. The firm has a 50 day moving average of $168.65 and a two-hundred day moving average of $155.12. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts's dividend payout ratio is currently 19.05%.

Analysts Set New Price Targets

Several research analysts recently commented on EA shares. Arete Research set a $192.00 price objective on Electronic Arts in a research note on Tuesday, August 5th. Arete upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 target price for the company in a report on Tuesday, August 5th. UBS Group set a $210.00 target price on Electronic Arts and gave the company a "neutral" rating in a report on Tuesday. Citigroup restated a "neutral" rating on shares of Electronic Arts in a report on Friday. Finally, Jefferies Financial Group cut Electronic Arts from a "buy" rating to a "hold" rating and upped their target price for the company from $200.00 to $210.00 in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twenty-one have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $176.04.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds have recently modified their holdings of EA. Salomon & Ludwin LLC grew its holdings in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company's stock worth $26,000 after purchasing an additional 68 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts during the 1st quarter worth $28,000. Bank of Jackson Hole Trust grew its holdings in shares of Electronic Arts by 56.4% during 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. MTM Investment Management LLC purchased a new position in shares of Electronic Arts during the 2nd quarter worth $30,000. Finally, Frazier Financial Advisors LLC grew its holdings in shares of Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company's stock worth $31,000 after purchasing an additional 148 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.