Insider Selling: Electronic Arts (NASDAQ:EA) EVP Sells 1,200 Shares of Stock

Key Points

• Electronic Arts EVP Jacob Schatz sold 1,200 shares at an average price of $171.52, totaling $205,824.00, reducing his position by 4.40%.
• The company announced a quarterly dividend of $0.19 for stockholders of record, representing an annual yield of 0.4%.
• Wall Street analysts have mixed ratings on EA with a consensus "Moderate Buy" and an average price target around $167.12, with some analysts forecasting significant growth potential.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) EVP Jacob Schatz sold 1,200 shares of Electronic Arts stock in a transaction on Monday, September 15th. The shares were sold at an average price of $171.52, for a total value of $205,824.00. Following the sale, the executive vice president directly owned 26,080 shares in the company, valued at $4,473,241.60. The trade was a 4.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Electronic Arts Price Performance

Shares of EA stock traded down $0.62 during mid-day trading on Monday, hitting $171.76. 2,029,845 shares of the stock traded hands, compared to its average volume of 2,236,344. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $180.90. The firm has a market cap of $42.98 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.75. The company's 50-day simple moving average is $162.98 and its 200-day simple moving average is $151.97. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts's dividend payout ratio (DPR) is 19.05%.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently bought and sold shares of EA. Brighton Jones LLC grew its holdings in Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock worth $500,000 after purchasing an additional 294 shares during the period. Royal Bank of Canada lifted its position in Electronic Arts by 130.0% during 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 acquiring an additional 679,032 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in Electronic Arts by 1,264.9% during 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 acquiring an additional 94,295 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Electronic Arts during the fourth quarter worth approximately $289,000. Finally, Toronto Dominion Bank lifted its position in Electronic Arts by 9.5% during the fourth quarter. Toronto Dominion Bank now owns 137,319 shares of the game software company's stock worth $20,090,000 after acquiring an additional 11,891 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EA shares. DA Davidson boosted their target price on Electronic Arts from $150.00 to $160.00 and gave the company a "neutral" rating in a research note on Monday, August 11th. Wedbush reissued an "outperform" rating and set a $210.00 price objective on shares of Electronic Arts in a research report on Monday, August 25th. Bank of America boosted their price objective on Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Robert W. Baird upped their price target on Electronic Arts from $168.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Arete Research set a $192.00 price objective on Electronic Arts in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, 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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