Electronic Arts Inc. (NASDAQ:EA) EVP Sells $215,175.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now owns 23,386 shares in the company, valued at $3,354,721.70. This represents a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Electronic Arts Trading Up 0.4 %

Shares of NASDAQ EA opened at $142.00 on Friday. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The company has a 50-day moving average of $155.38 and a two-hundred day moving average of $149.12. The company has a market cap of $37.24 billion, a PE ratio of 36.50, a P/E/G ratio of 1.84 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.54%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is 19.54%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EA shares. Robert W. Baird upped their target price on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Argus increased their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus reiterated a “hold” rating and set a $167.00 target price on shares of Electronic Arts in a research report on Wednesday, December 18th. Wedbush reissued an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a research report on Friday, October 25th. Finally, BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. D. E. Shaw & Co. Inc. grew its position in shares of Electronic Arts by 43.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock worth $193,727,000 after buying an additional 420,382 shares during the period. Dimensional Fund Advisors LP boosted its stake in Electronic Arts by 29.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock valued at $215,725,000 after acquiring an additional 354,005 shares during the last quarter. abrdn plc grew its holdings in Electronic Arts by 59.2% during the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock worth $123,484,000 after acquiring an additional 319,335 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Electronic Arts by 8,503.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after acquiring an additional 314,388 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Electronic Arts during the 3rd quarter valued at $40,154,000. 90.23% of the stock is currently owned by institutional investors.

About Electronic Arts

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.