Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the sale, the insider owned 73,513 shares of the company's stock, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Laura Miele also recently made the following trade(s):
- On Friday, May 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $200.54, for a total value of $501,350.00.
- On Wednesday, April 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $203.21, for a total value of $508,025.00.
Electronic Arts Stock Down 0.0%
NASDAQ EA traded down $0.10 during trading hours on Tuesday, hitting $203.02. The company's stock had a trading volume of 927,369 shares, compared to its average volume of 1,771,090. Electronic Arts Inc. has a 52 week low of $146.97 and a 52 week high of $204.88. The company has a market capitalization of $50.91 billion, a PE ratio of 58.17, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company's 50-day simple moving average is $202.21 and its two-hundred day simple moving average is $202.38.
Electronic Arts Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts's dividend payout ratio (DPR) is presently 21.78%.
Wall Street Analyst Weigh In
Several equities analysts have commented on EA shares. Argus cut shares of Electronic Arts from a "buy" rating to a "hold" rating in a research report on Thursday, May 28th. Weiss Ratings raised shares of Electronic Arts from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, May 18th. Wall Street Zen upgraded shares of Electronic Arts to a "hold" rating in a research note on Saturday, June 6th. Finally, Citigroup lifted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $196.64.
Read Our Latest Stock Analysis on Electronic Arts
Electronic Arts News Summary
Here are the key news stories impacting Electronic Arts this week:
Institutional Trading of Electronic Arts
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Electronic Arts by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company's stock worth $5,879,205,000 after purchasing an additional 485,030 shares during the last quarter. Pentwater Capital Management LP raised its stake in shares of Electronic Arts by 128.1% during the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company's stock valued at $2,237,414,000 after acquiring an additional 6,150,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Electronic Arts by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company's stock valued at $1,382,030,000 after acquiring an additional 143,195 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Electronic Arts by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company's stock valued at $926,194,000 after acquiring an additional 374,840 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Electronic Arts by 4.9% during the third quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company's stock valued at $870,328,000 after acquiring an additional 202,657 shares during the last quarter. 90.23% of the stock is owned by institutional investors.
Electronic Arts Company Profile
(
Get Free Report)
Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA's product lineup spans several well-known franchises and genres.
Further Reading

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