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 Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the completion of the transaction, the executive vice president now owns 19,033 shares in the company, valued at approximately $2,772,156.45. This trade represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Electronic Arts Stock Performance
Shares of NASDAQ EA opened at $142.97 on Thursday. The firm's fifty day moving average is $137.32 and its two-hundred day moving average is $144.34. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a market cap of $37.26 billion, a P/E ratio of 36.38, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.
Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.
Electronic Arts Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.
Institutional Investors Weigh In On Electronic Arts
Several large investors have recently bought and sold shares of EA. Financial Management Professionals Inc. boosted its holdings in shares of Electronic Arts by 15.0% in the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock worth $81,000 after purchasing an additional 73 shares during the period. Claro Advisors LLC boosted its stake in Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after buying an additional 75 shares during the period. Whipplewood Advisors LLC increased its position in Electronic Arts by 34.2% during the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock valued at $43,000 after acquiring an additional 76 shares during the last quarter. Intrust Bank NA raised its stake in shares of Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after acquiring an additional 78 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Electronic Arts by 11.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 90.23% of the company's stock.
Wall Street Analysts Forecast Growth
EA has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. BMO Capital Markets dropped their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. UBS Group boosted their target price on shares of Electronic Arts from $138.00 to $152.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Finally, Roth Mkm cut their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of "Hold" and a consensus price target of $155.30.
Read Our Latest Report on Electronic Arts
Electronic Arts Company Profile
(
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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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