Electronic Arts Inc. (NASDAQ:EA) Insider Jacob J. Schatz Sells 1,000 Shares

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares of the company's stock, valued at $2,362,397.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Electronic Arts Stock Down 0.2 %

EA stock traded down $0.24 during midday trading on Wednesday, reaching $126.31. The company had a trading volume of 1,699,167 shares, compared to its average volume of 2,052,901. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $33.77 billion, a P/E ratio of 31.88, a PEG ratio of 1.76 and a beta of 0.76. The company has a 50 day moving average of $135.49 and a two-hundred day moving average of $134.37.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the previous year, the company earned $2.29 EPS. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts expect that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. Electronic Arts's dividend payout ratio is currently 19.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV raised its holdings in shares of Electronic Arts by 23.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company's stock valued at $2,753,000 after purchasing an additional 4,411 shares in the last quarter. Value Partners Investments Inc. raised its holdings in shares of Electronic Arts by 33.5% during the 4th quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company's stock valued at $53,761,000 after purchasing an additional 107,709 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Electronic Arts by 14.7% during the 3rd quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company's stock valued at $1,381,000 after purchasing an additional 1,469 shares in the last quarter. Morgan Stanley grew its stake in Electronic Arts by 13.0% in the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company's stock valued at $408,084,000 after buying an additional 389,063 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company's stock valued at $3,086,621,000 after buying an additional 3,600,388 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EA shares. BMO Capital Markets started coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They set an "outperform" rating and a $160.00 target price for the company. Stifel Nicolaus raised their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 18th. Wedbush restated an "outperform" rating and set a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Finally, UBS Group reduced their price target on shares of Electronic Arts from $146.00 to $143.00 and set a "neutral" rating for the company in a research report on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of "Moderate Buy" and an average price target of $147.00.

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.