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

Key Points

• Vijayanthimala Singh, an insider at Electronic Arts, sold 1,200 shares at an average price of $200.31, totaling $240,372, resulting in a 3.58% decrease in their stake.
• Electronic Arts has a market capitalization of $50.13 billion and recently declared a quarterly dividend of $0.19 per share, with an annualized yield of 0.4%.
• Institutional investors hold 90.23% of Electronic Arts shares, with several firms significantly increasing their stakes in the second quarter.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $200.31, for a total value of $240,372.00. Following the completion of the sale, the insider directly owned 32,331 shares in the company, valued at approximately $6,476,222.61. This represents a 3.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, September 29th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $203.40, for a total value of $244,080.00.
• On Monday, September 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was 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 Stock Performance

NASDAQ EA traded down $0.40 during trading on Thursday, reaching $200.35. 2,631,613 shares of the company's stock were exchanged, compared to its average volume of 3,589,029. The business has a 50 day moving average price of $179.50 and a 200-day moving average price of $159.66. The stock has a market capitalization of $50.13 billion, a P/E ratio of 50.21, a PEG ratio of 3.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75.

Electronic Arts Announces Dividend

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

Institutional Investors Weigh In On Electronic Arts

Institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC boosted its stake in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company's stock valued at $26,000 after buying an additional 68 shares during the period. 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 buying an additional 75 shares during the period. MTM Investment Management LLC bought a new stake in shares of Electronic Arts in the second quarter valued at approximately $30,000. Frazier Financial Advisors LLC boosted its stake in shares of Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company's stock valued at $31,000 after buying an additional 148 shares during the period. Finally, NewSquare Capital LLC lifted its stake in Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company's stock worth $31,000 after purchasing an additional 79 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BMO Capital Markets boosted their price target on Electronic Arts from $166.00 to $210.00 and gave the stock a "market perform" rating in a research report on Tuesday, September 30th. Arete upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price objective for the company in a report on Tuesday, August 5th. Wedbush restated a "neutral" rating and set a $200.00 price objective on shares of Electronic Arts in a report on Monday, September 29th. Wells Fargo & Company set a $168.00 price objective on Electronic Arts and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Arete Research set a $192.00 price objective on Electronic Arts in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $177.00.

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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