Insider Selling: Electronic Arts (NASDAQ:EA) Insider Sells $240,972.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $200.81, for a total value of $240,972.00. Following the completion of the transaction, the insider owned 27,560 shares of the company’s stock, valued at $5,534,323.60. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $203.25, for a total value of $243,900.00.
• On Monday, March 16th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $199.69, for a total value of $239,628.00.
• 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.

Electronic Arts Stock Down 0.1%

Shares of Electronic Arts stock opened at $201.59 on Thursday. The stock has a 50-day moving average price of $201.89 and a 200 day moving average price of $202.23. The company has a market cap of $50.55 billion, a P/E ratio of 57.76, a P/E/G ratio of 2.22 and a beta of 0.66. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a 1 year low of $141.19 and a 1 year high of $204.88.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is currently 21.78%.

Institutional Investors Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently made changes to their positions in EA. Ascentis Independent Advisors purchased a new stake in shares of Electronic Arts during the 1st quarter worth about $27,000. Ameriflex Group Inc. raised its stake in shares of Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares in the last quarter. MV Capital Management Inc. purchased a new stake in shares of Electronic Arts during the 4th quarter worth about $28,000. Oakworth Capital Inc. purchased a new stake in shares of Electronic Arts during the 3rd quarter worth about $30,000. Finally, Asset Planning Inc purchased a new stake in shares of Electronic Arts during the 1st quarter worth about $32,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EA shares. Citigroup increased their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and an average price target of $196.64.

About Electronic Arts

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.