Electronic Arts Inc. (NASDAQ:EA) Insider Vijayanthimala Singh Sells 7,384 Shares

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 7,384 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, July 1st, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The shares were sold at an average price of $139.71, for a total value of $111,768.00.
• On Monday, June 3rd, Vijayanthimala Singh sold 800 shares of Electronic Arts stock. The stock was sold at an average price of $132.88, for a total transaction of $106,304.00.

Electronic Arts Stock Performance

Shares of EA stock traded up $0.93 during trading on Thursday, reaching $150.25. 1,601,179 shares of the company’s stock traded hands, compared to its average volume of 2,117,390. The firm’s 50-day moving average is $144.47 and its 200 day moving average is $137.19. The company has a market capitalization of $39.93 billion, a P/E ratio of 31.91, a PEG ratio of 2.28 and a beta of 0.79. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $153.51.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s payout ratio is 16.24%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $154.00 target price on shares of Electronic Arts in a research report on Tuesday, July 30th. Roth Mkm raised their price target on shares of Electronic Arts from $135.00 to $152.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. UBS Group increased their price objective on shares of Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Finally, Citigroup lowered Electronic Arts from a “buy” rating to a “neutral” rating and boosted their price target for the company from $148.00 to $161.00 in a research note on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.28.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. boosted its holdings in shares of Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in Electronic Arts during the first quarter valued at about $27,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts during the second quarter valued at about $28,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of Electronic Arts in the first quarter worth about $30,000. Institutional investors own 90.23% of the company’s stock.

About Electronic Arts

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.