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

Electronic Arts Inc. (NASDAQ:EA) insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the sale, the insider now owns 18,426 shares in the company, 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 Performance

NASDAQ EA opened at $126.31 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 52-week low of $117.47 and a 52-week high of $144.53. The business’s 50-day moving average price is $135.28 and its 200 day moving average price is $134.31. The firm has a market cap of $33.77 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.76 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share 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 business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the firm posted $2.29 EPS. Electronic Arts’s revenue for the quarter 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 year.

Electronic Arts Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EA shares. BMO Capital Markets started coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. Stifel Nicolaus raised their price target on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, UBS Group cut their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock 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 issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Institutional Investors Weigh In On Electronic Arts

Institutional investors have recently added to or reduced their stakes in the business. Cetera Advisor Networks LLC boosted its stake in shares of Electronic Arts by 11.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,466 shares of the game software company’s stock worth $439,000 after acquiring an additional 363 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Electronic Arts by 8.4% during the 1st quarter. Raymond James Trust N.A. now owns 4,459 shares of the game software company’s stock worth $564,000 after acquiring an additional 347 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Electronic Arts by 3.8% during the 1st quarter. Cibc World Market Inc. now owns 14,997 shares of the game software company’s stock worth $1,897,000 after acquiring an additional 548 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Electronic Arts by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 866,675 shares of the game software company’s stock worth $109,653,000 after acquiring an additional 13,934 shares in the last quarter. Finally, Prudential PLC boosted its stake in shares of Electronic Arts by 208.9% during the 1st quarter. Prudential PLC now owns 14,112 shares of the game software company’s stock worth $1,785,000 after acquiring an additional 9,544 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.