Vijayanthimala Singh Sells 800 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the sale, the insider now directly owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, June 3rd, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $132.88, for a total transaction of $106,304.00.
• On Wednesday, May 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $138.67 on Thursday. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The company’s 50-day moving average is $133.36 and its 200 day moving average is $134.86. The stock has a market capitalization of $36.85 billion, a P/E ratio of 29.63, a P/E/G ratio of 2.21 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. On average, sell-side analysts expect that Electronic Arts Inc. will post 5.72 earnings per share for the current year.

Electronic Arts Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Robert W. Baird lowered their price target on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Stifel Nicolaus boosted their price target on shares of Electronic Arts from $150.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Oppenheimer restated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Friday, June 21st. Finally, Benchmark restated a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.50.

Institutional Investors Weigh In On Electronic Arts

Several hedge funds have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted its stake in shares of Electronic Arts by 31.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 7,563 shares of the game software company’s stock worth $911,000 after buying an additional 1,808 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of Electronic Arts by 19.4% in the third quarter. Alps Advisors Inc. now owns 2,750 shares of the game software company’s stock worth $331,000 after buying an additional 446 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in shares of Electronic Arts by 105.4% in the third quarter. Adage Capital Partners GP L.L.C. now owns 225,066 shares of the game software company’s stock worth $27,098,000 after buying an additional 115,500 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Electronic Arts by 0.8% in the third quarter. Evergreen Capital Management LLC now owns 23,012 shares of the game software company’s stock worth $2,771,000 after buying an additional 184 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in Electronic Arts during the third quarter valued at approximately $238,000. 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.