Vijayanthimala Singh Sells 1,200 Shares of Electronic Arts (NASDAQ:EA) Stock

by · The Cerbat Gem

Electronic Arts Inc. (NASDAQ:EAGet Free Report) insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.69, for a total value of $239,628.00. Following the completion of the transaction, the insider directly owned 29,960 shares in the company, valued at approximately $5,982,712.40. The trade was a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Tuesday, February 17th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $200.63, for a total value of $240,756.00.
  • On Thursday, January 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $204.30, for a total transaction of $245,160.00.

Electronic Arts Stock Performance

EA traded down $0.08 during trading on Tuesday, hitting $200.13. The stock had a trading volume of 1,377,463 shares, compared to its average volume of 2,393,323. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $50.08 billion, a P/E ratio of 75.24, a PEG ratio of 2.38 and a beta of 0.75. The company’s 50-day moving average price is $201.77 and its 200 day moving average price is $197.67. Electronic Arts Inc. has a twelve month low of $131.15 and a twelve month high of $204.88.

Electronic Arts Dividend Announcement

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

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MV Capital Management Inc. purchased a new position in shares of Electronic Arts in the 4th quarter valued at about $28,000. Ameriflex Group Inc. boosted its holdings in Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in Electronic Arts during the third quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after buying an additional 95 shares during the period. Finally, MTM Investment Management LLC acquired a new position in Electronic Arts during the second quarter worth about $30,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EA has been the subject of several analyst reports. Citigroup cut their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $188.30.

View Our Latest Stock Report on EA

About Electronic Arts

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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.

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