Jacob J. Schatz Sells 1,500 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the sale, the executive vice president now directly owns 23,386 shares in the company, valued at approximately $3,354,721.70. This represents a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Electronic Arts Price Performance

Electronic Arts stock opened at $142.00 on Friday. The business has a 50 day simple moving average of $155.38 and a 200 day simple moving average of $149.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $37.24 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 1.84 and a beta of 0.80. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $168.50.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Institutional Investors Weigh In On Electronic Arts

Hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Electronic Arts during the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. boosted its stake in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts during the third quarter worth $36,000. Bruce G. Allen Investments LLC increased its stake in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after buying an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EA. Benchmark reaffirmed a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Stifel Nicolaus restated a “hold” rating and issued a $167.00 price objective on shares of Electronic Arts in a research note on Wednesday, December 18th. Robert W. Baird upped their target price on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Roth Mkm raised their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Company Profile

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.