Electronic Arts Inc. (NASDAQ:EA) EVP Sells $222,480.00 in Stock

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $148.32, for a total value of $222,480.00. Following the sale, the executive vice president directly owned 28,448 shares of the company's stock, valued at $4,219,407.36. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Electronic Arts Trading Up 0.3%

Shares of Electronic Arts stock traded up $0.48 during trading on Thursday, reaching $149.83. 1,828,403 shares of the company were exchanged, compared to its average volume of 2,813,279. 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 twelve month low of $115.21 and a twelve month high of $168.50. The business has a 50-day moving average price of $150.66 and a 200-day moving average price of $142.58. The firm has a market capitalization of $37.65 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 2.03 and a beta of 0.73.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts's dividend payout ratio is presently 17.92%.

Analyst Ratings Changes

EA has been the subject of a number of recent analyst reports. Robert W. Baird set a $168.00 price target on Electronic Arts in a report on Wednesday, May 7th. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and raised their price target for the company from $175.00 to $185.00 in a report on Tuesday, June 24th. UBS Group raised their price target on Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Wednesday, May 7th. Finally, Benchmark raised their price target on Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Fourteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $162.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its position in shares of Electronic Arts by 3.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company's stock worth $323,000 after buying an additional 72 shares during the period. Financial Management Professionals Inc. boosted its position in shares of Electronic Arts by 15.0% during the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock worth $81,000 after buying an additional 73 shares during the period. Bank of Jackson Hole Trust boosted its position in shares of Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after buying an additional 75 shares during the period. Whipplewood Advisors LLC boosted its position 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 during the period. Finally, Clarius Group LLC boosted its position in shares of Electronic Arts by 3.6% during the first quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock worth $319,000 after buying an additional 77 shares during the period. 90.23% of the stock is currently owned by institutional investors.

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.