Vijayanthimala Singh Sells 1,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, January 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00.
• On Monday, December 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00.

Electronic Arts Stock Performance

NASDAQ EA opened at $132.00 on Friday. The company has a market cap of $34.62 billion, a P/E ratio of 33.93, a P/E/G ratio of 2.50 and a beta of 0.79. The business’s 50 day moving average price is $144.69 and its 200-day moving average price is $147.43. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. Sell-side analysts predict that Electronic Arts Inc. will post 5.02 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. Electronic Arts’s payout ratio is 19.34%.

Hedge Funds Weigh In On Electronic Arts

A number of large investors have recently bought and sold shares of EA. Los Angeles Capital Management LLC grew its stake in Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock worth $185,692,000 after purchasing an additional 989,319 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Electronic Arts by 51.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after buying an additional 373,730 shares during the period. abrdn plc grew its position in shares of Electronic Arts by 59.2% during the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock worth $123,484,000 after buying an additional 319,335 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Electronic Arts by 8,503.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after buying an additional 314,388 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $34,334,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Stifel Nicolaus decreased their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Finally, BMO Capital Markets dropped their price target on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and an average target price of $155.24.

About Electronic Arts

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.