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 company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total value of $299,850.00. Following the completion of the transaction, the chief financial officer owned 5,897 shares in the company, valued at $1,178,810.30. This represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Stuart Canfield also recently made the following trade(s):

• On Thursday, November 20th, Stuart Canfield sold 1,500 shares of Electronic Arts stock. The stock was sold at an average price of $201.65, for a total value of $302,475.00.

Electronic Arts Price Performance

NASDAQ:EA opened at $199.88 on Friday. Electronic Arts Inc. has a 52 week low of $128.02 and a 52 week high of $204.88. The stock’s fifty day moving average is $203.18 and its two-hundred day moving average is $193.60. The company has a market capitalization of $50.02 billion, a P/E ratio of 75.14, a P/E/G ratio of 2.41 and a beta of 0.74. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 28.57%.

Institutional Trading of Electronic Arts

Hedge funds have recently modified their holdings of the stock. Ameriflex Group Inc. increased its holdings in 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 during the period. Oakworth Capital Inc. purchased a new position in shares of Electronic Arts in the 3rd quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after buying an additional 95 shares in the last quarter. MTM Investment Management LLC purchased a new stake in shares of Electronic Arts during the second quarter worth approximately $30,000. Finally, NewSquare Capital LLC raised its holdings in Electronic Arts by 67.5% in the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after acquiring an additional 79 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts News Roundup

Here are the key news stories impacting Electronic Arts this week:

• Positive Sentiment: EA secured permission to use an AI-generated version of a well-known football commentator’s voice for EA Sports FC — a content/licensing win that could improve in?game realism and engagement for live-service titles. Football commentator permits EA to use an AI version of his voice for EA Sports FC
• Neutral Sentiment: Financial Times reports ongoing private?equity interest and cost-cutting ideas around a potential EA buyout — keeps M&A speculation alive but also creates valuation/negotiation uncertainty until formal bids surface. Private equity spies a way to cut the cost of Electronic Arts’ buyout
• Neutral Sentiment: Coverage indicates EA is marketing debt — this can fund M&A, buybacks or general corporate uses (positive optionality) but changes capital structure; watch pricing/size for market reaction. Electronic Arts Debt Offers Signal Shifting Valuation And Acquisition Outlook
• Neutral Sentiment: EA has an upcoming ex?dividend date (record Feb. 25; payout modest) — a small yield that may modestly support demand around the record/ex dates. Electronic Arts stock page
• Negative Sentiment: Multiple senior insiders sold shares on Feb. 17 (CEO Andrew Wilson, CFO Stuart Canfield and other execs) — concentrated insider selling can create near?term supply pressure and raise questions about insider timing (though sales may be for diversification/tax reasons). See CEO SEC filing. SEC Form 4 filing (Andrew Wilson)
• Negative Sentiment: Thousands of users reported EA server outages affecting EA FC / Ultimate Team — service disruptions can dent short?term engagement and microtransaction revenue if problems persist. EA servers down: EA FC, Ultimate Team facing problems

Analyst Ratings Changes

EA has been the topic of several recent analyst reports. Argus set a $210.00 price objective on shares of Electronic Arts in a report on Thursday, October 30th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Zacks Research cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Citigroup dropped their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Finally, Benchmark reiterated a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and an average price target of $186.95.

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.