Electronic Arts Inc. (NASDAQ:EA) Insider Vijayanthimala Singh Sells 800 Shares

Electronic Arts Inc. (NASDAQ:EAGet Free Report) insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $106,256.00. Following the completion of the transaction, the insider now directly owns 27,083 shares in the company, valued at $3,597,164.06. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Vijayanthimala Singh also recently made the following trade(s):

  • On Friday, March 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $139.08, for a total value of $111,264.00.
  • On Thursday, February 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $137.43, for a total value of $109,944.00.

Electronic Arts Price Performance

EA opened at $132.52 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The company has a fifty day simple moving average of $137.02 and a 200 day simple moving average of $133.67. The stock has a market cap of $35.43 billion, a P/E ratio of 33.38, a P/E/G ratio of 1.85 and a beta of 0.76.

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

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s dividend payout ratio is currently 19.14%.

Wall Street Analyst Weigh In

EA has been the topic of several research reports. UBS Group reduced their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Wedbush reaffirmed an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. BMO Capital Markets initiated coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. Stifel Nicolaus upped their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Wolfe Research initiated coverage on Electronic Arts in a report on Tuesday, December 12th. They set a “peer perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.00.

Read Our Latest Analysis on EA

Hedge Funds Weigh In On Electronic Arts

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after purchasing an additional 3,600,388 shares in the last quarter. State Street Corp increased its holdings in Electronic Arts by 5.6% during the 2nd quarter. State Street Corp now owns 13,638,706 shares of the game software company’s stock worth $1,768,940,000 after purchasing an additional 726,005 shares in the last quarter. Geode Capital Management LLC increased its holdings in Electronic Arts by 0.9% during the 1st quarter. Geode Capital Management LLC now owns 5,808,956 shares of the game software company’s stock worth $698,212,000 after purchasing an additional 52,736 shares in the last quarter. Capital International Investors increased its holdings in Electronic Arts by 8.3% during the 4th quarter. Capital International Investors now owns 5,067,765 shares of the game software company’s stock worth $693,318,000 after purchasing an additional 386,630 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Electronic Arts by 7.8% during the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after purchasing an additional 301,194 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

About Electronic Arts

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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.

Further Reading

Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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