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

Key Points

• Electronic Arts EVP Jacob Schatz sold 1,200 shares of stock at an average price of $200.80, totaling $240,960, reducing his ownership stake by 4.60%.
• The company recently announced a quarterly dividend of $0.19 per share, resulting in an annualized dividend yield of 0.4%.
• Analysts have mixed views on Electronic Arts, with recent ratings showing one Strong Buy, four Buy, and twenty-five Hold ratings, along with an average target price of $177.00.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) EVP Jacob Schatz sold 1,200 shares of the company's stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $200.80, for a total value of $240,960.00. Following the transaction, the executive vice president directly owned 24,880 shares of the company's stock, valued at $4,995,904. The trade was a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Electronic Arts Trading Down 0.2%

Shares of Electronic Arts stock traded down $0.40 during midday trading on Thursday, reaching $200.35. 2,631,613 shares of the company's stock traded hands, compared to its average volume of 3,589,029. The stock has a 50 day moving average of $179.50 and a 200-day moving average of $159.66. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $203.75. The company has a market cap of $50.13 billion, a PE ratio of 50.21, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were 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 was Wednesday, August 27th. Electronic Arts's dividend payout ratio (DPR) is currently 19.05%.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently modified their holdings of EA. CWM LLC boosted its stake in Electronic Arts by 17.1% in the 3rd quarter. CWM LLC now owns 15,390 shares of the game software company's stock worth $3,104,000 after purchasing an additional 2,242 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Electronic Arts by 2.6% in the third quarter. Harbor Capital Advisors Inc. now owns 4,895 shares of the game software company's stock worth $987,000 after buying an additional 125 shares during the last quarter. Norden Group LLC lifted its stake in shares of Electronic Arts by 17.4% in the third quarter. Norden Group LLC now owns 1,572 shares of the game software company's stock worth $317,000 after buying an additional 233 shares in the last quarter. Global X Japan Co. Ltd. grew its holdings in shares of Electronic Arts by 5,603.2% during the third quarter. Global X Japan Co. Ltd. now owns 1,768 shares of the game software company's stock valued at $357,000 after buying an additional 1,737 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Electronic Arts by 1.2% during the third quarter. Swedbank AB now owns 1,346,183 shares of the game software company's stock valued at $271,525,000 after acquiring an additional 16,507 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Jefferies Financial Group cut shares of Electronic Arts from a "buy" rating to a "hold" rating and boosted their price target for the company from $200.00 to $210.00 in a research report on Tuesday, September 30th. Wall Street Zen cut Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Arete Research set a $192.00 target price on Electronic Arts in a research report on Tuesday, August 5th. Argus raised their target price on Electronic Arts from $180.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, September 30th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Electronic Arts in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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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