Laura Miele Sells 2,500 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Key Points

• Laura Miele, an insider at Electronic Arts Inc. (NASDAQ:EA), sold 2,500 shares at an average price of $155.49, totaling $388,725. Following the sale, she owns 58,092 shares, a decrease of 4.13% in her ownership.
• Electronic Arts has announced a quarterly dividend of $0.19 per share, to be paid on September 17th, with a yield of 0.5% and a payout ratio of 19.05%.
• The company's stock is currently trading at $159.77, with a 1-year high of $168.50 and a market cap of approximately $40.15 billion.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $155.49, for a total value of $388,725.00. Following the completion of the transaction, the insider directly owned 58,092 shares of the company's stock, valued at approximately $9,032,725.08. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Laura Miele also recently made the following trade(s):

• On Tuesday, July 1st, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $159.50, for a total value of $398,750.00.
• On Thursday, May 8th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $155.57, for a total value of $388,925.00.

Electronic Arts Stock Performance

Shares of EA traded up $2.69 during mid-day trading on Monday, reaching $159.77. The company's stock had a trading volume of 2,742,140 shares, compared to its average volume of 3,515,589. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The stock has a market cap of $40.15 billion, a P/E ratio of 40.04, a PEG ratio of 2.03 and a beta of 0.72. The business has a 50-day simple moving average of $151.42 and a two-hundred day simple moving average of $143.26. The company has a current ratio of 0.84, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.5%. Electronic Arts's payout ratio is presently 19.05%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Putney Financial Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $26,000. Salomon & Ludwin LLC increased its holdings in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company's stock worth $26,000 after purchasing an additional 68 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Electronic Arts during the 1st quarter worth approximately $28,000. Bank of Jackson Hole Trust increased its holdings in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after purchasing an additional 75 shares in the last quarter. Finally, Frazier Financial Advisors LLC boosted its stake in shares of Electronic Arts by 328.9% in the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company's stock worth $31,000 after buying an additional 148 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EA shares. 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 report on Wednesday, July 30th. Citigroup restated a "neutral" rating and set a $153.00 price objective (up previously from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Moffett Nathanson restated a "neutral" rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, May 7th. UBS Group set a $167.00 price objective on Electronic Arts and gave the stock a "neutral" rating in a report on Friday. Finally, Morgan Stanley lifted their price target on shares of Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Sixteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Electronic Arts has a consensus rating of "Hold" and an average price target of $164.21.

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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