Electronic Arts Inc. (NASDAQ:EA) CFO Sells $211,515.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $141.01, for a total value of $211,515.00. Following the completion of the transaction, the chief financial officer now directly owns 10,553 shares in the company, valued at $1,488,078.53. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Electronic Arts Stock Performance

NASDAQ EA opened at $139.52 on Friday. The company has a market capitalization of $37.07 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.23 and a beta of 0.80. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53. The stock has a fifty day simple moving average of $132.47 and a 200 day simple moving average of $134.94. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. Sell-side analysts expect that Electronic Arts Inc. will post 5.72 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stifel Nicolaus increased their target price on Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird dropped their target price on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Oppenheimer reissued an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Friday, June 21st. Wedbush reissued an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, May 8th. Finally, StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average price target of $147.50.

Institutional Trading of Electronic Arts

Institutional investors have recently bought and sold shares of the company. Jennison Associates LLC boosted its position in shares of Electronic Arts by 1.3% during the 4th quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock worth $867,000 after purchasing an additional 84 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Electronic Arts by 0.3% during the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock worth $3,261,000 after purchasing an additional 87 shares in the last quarter. Mirador Capital Partners LP boosted its position in shares of Electronic Arts by 2.9% during the 4th quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock worth $447,000 after purchasing an additional 91 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Electronic Arts by 4.1% during the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock worth $322,000 after purchasing an additional 93 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of Electronic Arts by 7.5% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the game software company’s stock worth $164,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Company Profile

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.