Electronic Arts Inc. (NASDAQ:EA) CFO Sells $130,110.00 in Stock

by · The Cerbat Gem

Electronic Arts Inc. (NASDAQ:EA – Get Free Report) CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares of the company’s stock, valued at $1,238,126.76. The trade was a 9.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Stuart Canfield also recently made the following trade(s):

  • On Thursday, December 26th, Stuart Canfield sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $148.18, for a total value of $148,180.00.

Electronic Arts Price Performance

Shares of Electronic Arts stock traded up $0.94 on Friday, hitting $130.93. 4,866,189 shares of the company were exchanged, compared to its average volume of 4,233,704. The stock has a market capitalization of $34.12 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 3.54 and a beta of 0.79. The company has a 50-day moving average price of $137.09 and a 200 day moving average price of $146.24. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA – Get Free Report) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts predict that Electronic Arts Inc. will post 4.75 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 19.34%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EA. JPMorgan Chase & Co. cut their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Benchmark lowered their price objective on Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Finally, Oppenheimer lowered their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $154.55.

Get Our Latest Report on EA

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EA. Creative Planning lifted its holdings in Electronic Arts by 5.3% in the third quarter. Creative Planning now owns 26,676 shares of the game software company’s stock valued at $3,826,000 after acquiring an additional 1,351 shares during the last quarter. Blue Trust Inc. increased its holdings in Electronic Arts by 139.5% in the third quarter. Blue Trust Inc. now owns 2,975 shares of the game software company’s stock valued at $414,000 after buying an additional 1,733 shares during the last quarter. Raymond James & Associates grew its stake in Electronic Arts by 10.7% during the 3rd quarter. Raymond James & Associates now owns 129,387 shares of the game software company’s stock worth $18,559,000 after buying an additional 12,468 shares during the last quarter. Signaturefd LLC grew its stake in Electronic Arts by 5.8% during the 3rd quarter. Signaturefd LLC now owns 4,371 shares of the game software company’s stock worth $627,000 after buying an additional 238 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in Electronic Arts during the 3rd quarter worth approximately $914,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

About Electronic Arts

(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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