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

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the transaction, the executive vice president now owns 24,860 shares in the company, valued at approximately $3,597,739.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Electronic Arts Price Performance

NASDAQ:EA opened at $145.04 on Thursday. The stock has a market capitalization of $38.54 billion, a PE ratio of 30.99, a P/E/G ratio of 1.95 and a beta of 0.79. Electronic Arts Inc. has a 1-year low of $119.92 and a 1-year high of $153.51. The firm has a fifty day simple moving average of $145.27 and a 200 day simple moving average of $138.91. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. On average, research analysts expect that Electronic Arts Inc. will post 5.93 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s dividend payout ratio is 16.24%.

Institutional Trading of Electronic Arts

Hedge funds have recently made changes to their positions in the business. North Star Investment Management Corp. raised its stake in 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 valued at $26,000 after acquiring an additional 150 shares during the period. Redmont Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the first quarter valued at $27,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts in the second quarter valued at about $28,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts during the 2nd quarter worth about $33,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of Electronic Arts during the 1st quarter worth about $35,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Jefferies Financial Group started coverage on Electronic Arts in a report on Thursday, July 11th. They set a “buy” rating and a $165.00 price objective on the stock. Roth Mkm reaffirmed a “neutral” rating and issued a $154.00 price target on shares of Electronic Arts in a research note on Thursday, September 19th. The Goldman Sachs Group increased their price objective on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. UBS Group upped their target price on shares of Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Benchmark reissued a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.94.

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.