Vijayanthimala Singh Sells 1,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now owns 29,190 shares of the company’s stock, valued at $4,181,175.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 3rd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The shares were sold at an average price of $151.70, for a total value of $151,700.00.
• On Wednesday, August 28th, Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44.

Electronic Arts Price Performance

Shares of Electronic Arts stock traded down $1.19 on Tuesday, hitting $142.25. The company’s stock had a trading volume of 1,503,305 shares, compared to its average volume of 2,108,541. The company has a market capitalization of $37.80 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.91 and a beta of 0.79. The firm has a fifty day moving average price of $145.90 and a 200-day moving average price of $138.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. Electronic Arts Inc. has a 1 year low of $118.60 and a 1 year high of $153.51.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 5.93 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio is currently 16.24%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EA shares. Benchmark restated a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Oppenheimer raised their target price on Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Raymond James boosted their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $161.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. North Star Investment Management Corp. increased its position in Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after purchasing an additional 150 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Electronic Arts during the first quarter worth $27,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts in the second quarter worth $28,000. YHB Investment Advisors Inc. acquired a new stake in Electronic Arts in the first quarter valued at $30,000. Finally, Family Firm Inc. purchased a new stake in shares of Electronic Arts during the 2nd quarter worth $33,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

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.