Electronic Arts (NASDAQ:EA) Insider Sells $498,825.00 in Stock

by · The Markets Daily

Electronic Arts Inc. (NASDAQ:EAGet Free Report) insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $199.53, for a total value of $498,825.00. Following the sale, the insider owned 48,343 shares of the company’s stock, valued at approximately $9,645,878.79. This trade represents a 4.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Laura Miele also recently made the following trade(s):

  • On Thursday, January 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $204.27, for a total value of $510,675.00.
  • On Monday, December 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00.

Electronic Arts Stock Performance

EA opened at $200.40 on Friday. The company’s 50 day moving average is $203.11 and its 200 day moving average is $193.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market cap of $50.15 billion, a price-to-earnings ratio of 75.34, a PEG ratio of 2.41 and a beta of 0.74. Electronic Arts Inc. has a 12-month low of $128.02 and a 12-month high of $204.88.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

Several analysts have issued reports on EA shares. Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Citigroup cut their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Benchmark reissued a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Argus set a $210.00 price objective on shares of Electronic Arts in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $186.95.

View Our Latest Report on EA

More Electronic Arts News

Here are the key news stories impacting Electronic Arts this week:

Institutional Investors Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pentwater Capital Management LP grew its stake in Electronic Arts by 128.1% during the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after acquiring an additional 6,150,000 shares in the last quarter. Norges Bank purchased a new position in shares of Electronic Arts during the fourth quarter valued at about $643,674,000. HBK Investments L P bought a new stake in shares of Electronic Arts in the fourth quarter worth about $390,267,000. Ameriprise Financial Inc. lifted its position in shares of Electronic Arts by 44.6% in the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after buying an additional 1,300,336 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Electronic Arts by 176.6% during the second quarter. Acadian Asset Management LLC now owns 1,862,898 shares of the game software company’s stock valued at $297,465,000 after buying an additional 1,189,455 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

About Electronic Arts

(Get Free Report)

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.

See Also