Electronic Arts Inc. (NASDAQ:EA - Get Free Report) EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the sale, the executive vice president now owns 23,360 shares of the company's stock, valued at $3,814,688. This trade represents a 6.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Electronic Arts Stock Performance
Shares of NASDAQ EA opened at $166.13 on Wednesday. The company has a market cap of $43.57 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $166.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The company has a 50-day simple moving average of $148.01 and a 200-day simple moving average of $143.16.
Electronic Arts Announces Dividend
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. Electronic Arts's dividend payout ratio (DPR) is presently 19.54%.
Institutional Investors Weigh In On Electronic Arts
A number of hedge funds and other institutional investors have recently modified their holdings of EA. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts in the third quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the second quarter worth approximately $28,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts in the second quarter worth approximately $33,000. New Covenant Trust Company N.A. acquired a new stake in shares of Electronic Arts in the first quarter worth approximately $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts in the third quarter worth approximately $36,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
EA has been the subject of several recent analyst reports. BMO Capital Markets restated an "outperform" rating and issued a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. JPMorgan Chase & Co. cut their price target on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Robert W. Baird increased their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. UBS Group increased their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Roth Mkm increased their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $165.37.
View Our Latest Research Report on EA
Electronic Arts Company Profile
(
Get Free Report)
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.
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