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

Key Points

• Laura Miele, an insider at Electronic Arts, sold 2,500 shares at an average price of $201.79, totaling approximately $504,475, decreasing her ownership in the company by 4.50%.
• Electronic Arts recently declared a $0.19 quarterly dividend, with an annualized yield of 0.4% and a payout ratio of 19.05%.
• Wall Street analysts have mixed opinions on EA's stock, with ratings ranging from Strong Buy to Sell, and a consensus target price of $177.00.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $201.79, for a total transaction of $504,475.00. Following the sale, the insider directly owned 53,092 shares in the company, valued at $10,713,434.68. The trade was a 4.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, September 2nd, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00.
• On Friday, August 1st, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $155.49, for a total transaction of $388,725.00.

Electronic Arts Stock Down 0.3%

NASDAQ:EA traded down $0.63 during mid-day trading on Thursday, hitting $201.00. 5,497,346 shares of the company's stock were exchanged, compared to its average volume of 3,590,248. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day moving average price of $170.50 and a 200 day moving average price of $155.76. The company has a market cap of $50.29 billion, a PE ratio of 50.38, a P/E/G ratio of 3.05 and a beta of 0.77.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts's payout ratio is 19.05%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of Electronic Arts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Citigroup reaffirmed a "neutral" rating on shares of Electronic Arts in a report on Friday, September 26th. HSBC cut shares of Electronic Arts from a "buy" rating to a "hold" rating and set a $191.00 target price for the company. in a report on Monday. UBS Group set a $210.00 target price on shares of Electronic Arts and gave the stock a "neutral" rating in a report on Tuesday. Finally, Cowen cut shares of Electronic Arts from a "buy" rating to a "hold" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of "Hold" and a consensus target price of $177.00.

Institutional Trading of Electronic Arts

Large investors have recently added to or reduced their stakes in the business. Norden Group LLC bought a new stake in Electronic Arts during the second quarter valued at approximately $214,000. Focus Partners Advisor Solutions LLC bought a new stake in Electronic Arts during the first quarter valued at approximately $319,000. CCM Investment Group LLC bought a new stake in Electronic Arts during the first quarter valued at approximately $1,625,000. Sumitomo Mitsui Trust Group Inc. grew its position in Electronic Arts by 2.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company's stock valued at $94,456,000 after buying an additional 13,461 shares during the period. Finally, Foster Victor Wealth Advisors LLC boosted its position in shares of Electronic Arts by 4.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company's stock worth $13,944,000 after purchasing an additional 3,999 shares during the period. 90.23% of the stock is currently owned by institutional investors.

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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