Stuart Canfield Sells 1,500 Shares of Electronic Arts (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total transaction of $302,040.00. Following the completion of the transaction, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at $5,233,547.76. This represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Electronic Arts Trading Down 0.4%

Electronic Arts stock opened at $200.97 on Friday. The company has a 50 day moving average price of $201.95 and a 200 day moving average price of $202.23. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $50.39 billion, a price-to-earnings ratio of 57.58, a P/E/G ratio of 2.22 and a beta of 0.66.

Electronic Arts Dividend Announcement

The company 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. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Citigroup increased their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $196.64.

Institutional Investors Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EA. Ascentis Independent Advisors purchased a new stake in Electronic Arts in the 1st quarter worth approximately $27,000. Ameriflex Group Inc. raised its holdings 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 valued at $28,000 after purchasing an additional 69 shares in the last quarter. MV Capital Management Inc. bought a new position in shares of Electronic Arts during the 4th quarter valued at $28,000. Oakworth Capital Inc. bought a new position in shares of Electronic Arts during the 3rd quarter valued at $30,000. Finally, Asset Planning Inc bought a new position in shares of Electronic Arts during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.