Electronic Arts (NASDAQ:EA) Insider Sells $429,225.00 in Stock

Key Points

• Laura Miele, an insider at Electronic Arts, sold 2,500 shares at an average price of $171.69, resulting in a total transaction of $429,225. Following this sale, she owns 55,592 shares of the company.
• Electronic Arts has declared a quarterly dividend of $0.19 per share, which will be paid on September 17th, reflecting a 0.4% yield and a payout ratio of 19.05%.
• Brokerages have adjusted their price targets for Electronic Arts, with some moving it up to as high as $190.00, maintaining a consensus rating of "Moderate Buy" for the stock.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $171.69, for a total value of $429,225.00. Following the transaction, the insider directly owned 55,592 shares in the company, valued at approximately $9,544,590.48. The trade was a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, August 1st, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $155.49, for a total value of $388,725.00.
• 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.

Electronic Arts Price Performance

NASDAQ EA traded up $0.59 during trading hours on Friday, reaching $168.62. The company's stock had a trading volume of 2,205,511 shares, compared to its average volume of 2,839,614. The firm's 50-day moving average price is $161.78 and its 200-day moving average price is $150.36. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $180.90. The company has a market capitalization of $42.19 billion, a price-to-earnings ratio of 42.26, a PEG ratio of 2.17 and a beta of 0.75.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. Electronic Arts's payout ratio is currently 19.05%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EA shares. Arete Research set a $192.00 price target on Electronic Arts in a report on Tuesday, August 5th. Argus set a $170.00 price target on Electronic Arts in a report on Friday, May 16th. Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the stock an "equal weight" rating in a report on Monday, July 28th. Citigroup reissued a "neutral" rating and issued a $153.00 price target (up from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Finally, Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $175.00 to $185.00 in a report on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $167.12.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently modified their holdings of the stock. Salomon & Ludwin LLC increased its position in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company's stock valued at $26,000 after purchasing an additional 68 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Electronic Arts by 3.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company's stock valued at $323,000 after purchasing an additional 72 shares during the last quarter. Financial Management Professionals Inc. increased its position in shares of Electronic Arts by 15.0% during the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock valued at $81,000 after purchasing an additional 73 shares during the last quarter. Bank of Jackson Hole Trust increased its position in shares of 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 valued at $30,000 after purchasing an additional 75 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its position in shares of Electronic Arts by 34.2% during the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock valued at $43,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

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.