Electronic Arts (NASDAQ:EA) Insider Sells $507,750.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the transaction, the insider directly owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Laura Miele also recently made the following trade(s):

• On Friday, May 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $200.54, for a total transaction of $501,350.00.
• On Wednesday, April 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $203.21, for a total transaction of $508,025.00.

Electronic Arts Stock Down 0.0%

Shares of NASDAQ EA traded down $0.10 on Tuesday, reaching $203.02. 927,369 shares of the company’s stock traded hands, compared to its average volume of 1,771,090. Electronic Arts Inc. has a 12 month low of $146.97 and a 12 month high of $204.88. The business’s 50 day simple moving average is $202.21 and its two-hundred day simple moving average is $202.38. The company has a market cap of $50.91 billion, a price-to-earnings ratio of 58.17, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 21.78%.

Analyst Upgrades and Downgrades

EA has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average target price of $196.64.

Trending Headlines about Electronic Arts

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

• Positive Sentiment: EA launched EA Advertising, a new platform that places brands directly into gameplay and live experiences, potentially expanding the company’s monetization beyond game sales and recurring services. Electronic Arts Introduces EA Advertising, Launching Brands Directly Into Gameplay and Live Experiences
• Neutral Sentiment: Multiple outlets highlighted EA’s new ad strategy, describing it as a push to integrate ads more naturally into sports and gameplay experiences; the news may support longer-term revenue growth, but investor reaction may depend on how players respond. Electronic Arts launches a new way to advertise directly into gameplay
• Positive Sentiment: Coverage also emphasized EA’s pending $55 billion buyout, which continues to provide deal-driven support for the stock as investors look for clarity on the transaction’s progress. Electronic Arts (EA) Shows Why Its $55 Billion Buyout Case Rests on More Than Deal Momentum
• Neutral Sentiment: Oak-Eagle AcquireCo extended the expiration and settlement dates for the tender offers and consent solicitations tied to EA’s senior notes, which signals the acquisition process is still moving but also highlights that the deal remains in progress rather than completed. Oak-Eagle AcquireCo, Inc. Announces Extension of the Expiration Time and Settlement Date

Institutional Trading of Electronic Arts

A number of institutional investors and hedge funds have recently bought and sold shares of EA. Pentwater Capital Management LP grew its stake in shares of Electronic Arts by 128.1% in the 4th quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock worth $2,237,414,000 after buying an additional 6,150,000 shares in the last quarter. Norges Bank purchased a new position in shares of Electronic Arts during the 4th quarter worth about $643,674,000. HBK Investments L P purchased a new position in shares of Electronic Arts during the 4th quarter worth about $390,267,000. Ameriprise Financial Inc. boosted its position in Electronic Arts by 44.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after buying an additional 1,300,336 shares during the period. Finally, Voloridge Investment Management LLC purchased a new stake in Electronic Arts in the 4th quarter valued at about $165,153,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Company Profile

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.