Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CFO Sells 1,500 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $141.01, for a total value of $211,515.00. Following the sale, the chief financial officer now owns 10,553 shares of the company’s stock, valued at approximately $1,488,078.53. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Electronic Arts Stock Down 0.1 %

NASDAQ EA opened at $139.33 on Friday. The stock has a market cap of $37.02 billion, a PE ratio of 29.77, a P/E/G ratio of 2.23 and a beta of 0.80. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The business has a 50 day moving average price of $132.71 and a two-hundred day moving average price of $134.94. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. As a group, sell-side analysts predict that Electronic Arts Inc. will post 5.72 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Wall Street Analyst Weigh In

Several research firms have commented on EA. Wedbush restated an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a report on Wednesday, May 8th. Oppenheimer restated an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a report on Friday, June 21st. Deutsche Bank Aktiengesellschaft lowered their price target on Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, May 9th. 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 research note on Wednesday, March 27th. Finally, Stifel Nicolaus lifted their price objective on Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Eight research analysts have rated the stock with a hold rating and ten have assigned a 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 $147.50.

Hedge Funds Weigh In On Electronic Arts

Institutional investors and hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV boosted its stake in shares of Electronic Arts by 23.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock valued at $2,753,000 after buying an additional 4,411 shares during the last quarter. Eaton Financial Holdings Company LLC purchased a new position in shares of Electronic Arts during the 4th quarter valued at approximately $1,259,000. Value Partners Investments Inc. boosted its stake in shares of Electronic Arts by 33.5% during the 4th quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock valued at $53,761,000 after buying an additional 107,709 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Electronic Arts by 6.1% during the 4th quarter. Teacher Retirement System of Texas now owns 181,757 shares of the game software company’s stock valued at $24,866,000 after buying an additional 10,405 shares during the last quarter. Finally, Scotia Capital Inc. boosted its stake in shares of Electronic Arts by 99.4% during the 4th quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock valued at $2,372,000 after buying an additional 8,644 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other 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.