Vijayanthimala Singh Sells 1,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total value of $159,530.00. Following the completion of the sale, the insider directly owned 37,131 shares in the company, valued at $5,923,508.43. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, May 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $145.56, for a total transaction of $145,560.00.

Electronic Arts Price Performance

Electronic Arts stock traded down $1.68 during trading hours on Friday, hitting $155.35. 1,321,185 shares of the stock were exchanged, compared to its average volume of 2,814,748. The stock has a market capitalization of $39.03 billion, a P/E ratio of 36.64, a P/E/G ratio of 2.11 and a beta of 0.73. The business's 50-day moving average is $150.64 and its two-hundred day moving average is $142.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.49%. Electronic Arts's dividend payout ratio (DPR) is presently 17.92%.

Wall Street Analyst Weigh In

Several analysts have issued reports on EA shares. Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $175.00 to $185.00 in a research report on Tuesday, June 24th. Robert W. Baird set a $168.00 price target on Electronic Arts in a research note on Wednesday, May 7th. UBS Group raised their price objective on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Citigroup restated a "neutral" rating and set a $153.00 price objective (up from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Fourteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Electronic Arts presently has an average rating of "Moderate Buy" and an average price target of $162.80.

Institutional Investors Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its holdings in shares of Electronic Arts by 197.5% in the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock valued at $421,524,000 after purchasing an additional 1,936,313 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Electronic Arts during the first quarter worth about $225,102,000. Nuveen LLC bought a new position in Electronic Arts during the 1st quarter worth approximately $203,537,000. Goldman Sachs Group Inc. boosted its position in shares of Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock worth $470,197,000 after purchasing an additional 1,254,194 shares in the last quarter. Finally, ING Groep NV increased its holdings in shares of Electronic Arts by 3,477.8% in the first quarter. ING Groep NV now owns 1,163,747 shares of the game software company's stock worth $168,185,000 after acquiring an additional 1,131,220 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

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.