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

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the sale, the insider now directly owns 28,190 shares in the company, valued at approximately $4,251,897.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, October 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00.
• On Tuesday, September 3rd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00.
• On Wednesday, August 28th, Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44.

Electronic Arts Stock Up 0.3 %

EA stock opened at $151.26 on Monday. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $153.51. The company has a current ratio of 1.43, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $144.96 and its 200 day moving average is $140.29. The stock has a market cap of $39.96 billion, a price-to-earnings ratio of 38.88, a price-to-earnings-growth ratio of 2.05 and a beta of 0.78.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s payout ratio is currently 19.54%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. TD Cowen increased their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday. BMO Capital Markets reissued an “outperform” rating and issued a $160.00 price target (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S grew its position in Electronic Arts by 82.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after acquiring an additional 11,343 shares during the last quarter. FORA Capital LLC boosted its stake in shares of Electronic Arts by 209.7% during the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after purchasing an additional 31,136 shares during the period. Duality Advisers LP purchased a new stake in shares of Electronic Arts during the first quarter valued at approximately $1,711,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Electronic Arts by 13.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock valued at $46,258,000 after purchasing an additional 41,567 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the period. 90.23% of the stock is currently owned by institutional investors.

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.