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

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total transaction of $127,150.00. Following the completion of the sale, the executive vice president now owns 17,426 shares in the company, valued at $2,215,715.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Electronic Arts Trading Up 1.2 %

NASDAQ:EA traded up $1.54 during mid-day trading on Thursday, hitting $129.16. 1,781,812 shares of the company's stock were exchanged, compared to its average volume of 2,032,167. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $34.53 billion, a P/E ratio of 27.27, a PEG ratio of 2.02 and a beta of 0.78. The company has a 50 day simple moving average of $130.15 and a 200-day simple moving average of $134.52.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts's dividend payout ratio is 16.24%.

Institutional Trading of Electronic Arts

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. increased its position in shares of Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company's stock worth $26,000 after buying an additional 150 shares during the period. Cape Investment Advisory Inc. raised its position in shares of Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company's stock worth $27,000 after acquiring an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Electronic Arts during the 1st quarter valued at about $27,000. Leith Wheeler Investment Counsel Ltd. grew its stake in Electronic Arts by 269.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company's stock worth $29,000 after purchasing an additional 154,989 shares during the period. Finally, Larson Financial Group LLC bought a new stake in Electronic Arts in the fourth quarter worth approximately $30,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a "neutral" rating on the stock in a report on Wednesday, March 27th. StockNews.com cut shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 9th. BMO Capital Markets decreased their target price on shares of Electronic Arts from $160.00 to $154.00 and set an "outperform" rating for the company in a research note on Thursday, May 9th. Robert W. Baird decreased their target price on shares of Electronic Arts from $160.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, May 8th. Finally, Benchmark reissued a "buy" rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.

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