Laura Miele Sells 2,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EAGet Free Report) COO Laura Miele sold 2,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $132.82, for a total transaction of $265,640.00. Following the completion of the transaction, the chief operating officer now directly owns 34,772 shares in the company, valued at approximately $4,618,417.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Friday, March 1st, Laura Miele sold 2,000 shares of Electronic Arts stock. The stock was sold at an average price of $139.08, for a total transaction of $278,160.00.
  • On Thursday, February 1st, Laura Miele sold 2,000 shares of Electronic Arts stock. The stock was sold at an average price of $137.43, for a total transaction of $274,860.00.

Electronic Arts Stock Performance

Shares of EA stock opened at $132.52 on Thursday. The company has a 50 day moving average price of $137.02 and a 200-day moving average price of $133.67. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The firm has a market capitalization of $35.43 billion, a PE ratio of 33.38, a P/E/G ratio of 1.85 and a beta of 0.76. 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 (NASDAQ:EAGet Free Report) last announced its quarterly earnings results 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 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 the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Dividend Announcement

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

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently made changes to their positions in EA. Vanguard Group Inc. boosted its holdings in shares of Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after buying an additional 3,600,388 shares during the last quarter. Norges Bank purchased a new position in Electronic Arts during the fourth quarter valued at approximately $270,382,000. Morgan Stanley lifted its holdings in Electronic Arts by 62.1% during the fourth quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock valued at $390,128,000 after purchasing an additional 1,223,195 shares in the last quarter. Barclays PLC lifted its holdings in Electronic Arts by 265.0% during the second quarter. Barclays PLC now owns 1,516,792 shares of the game software company’s stock valued at $196,727,000 after purchasing an additional 1,101,229 shares in the last quarter. Finally, DNB Asset Management AS lifted its holdings in Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after purchasing an additional 1,064,022 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of a number of research reports. UBS Group cut their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Stifel Nicolaus upped their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. BMO Capital Markets initiated coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Wolfe Research initiated coverage on shares of Electronic Arts in a research note on Tuesday, December 12th. They issued a “peer perform” rating for the company. Finally, Wedbush reaffirmed an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to 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

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.

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