Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the transaction, the insider now owns 18,426 shares in the company, valued at $2,362,397.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Electronic Arts Stock Performance
NASDAQ:EA opened at $126.31 on Thursday. The firm's 50-day moving average is $135.28 and its 200-day moving average is $134.31. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $33.77 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.76 and a beta of 0.76.
Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current year.
Electronic Arts Announces Dividend
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. Electronic Arts's payout ratio is currently 19.14%.
Institutional Trading of Electronic Arts
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company's stock valued at $3,086,621,000 after buying an additional 3,600,388 shares in the last quarter. State Street Corp lifted its position in shares of Electronic Arts by 2.2% during the first quarter. State Street Corp now owns 12,912,701 shares of the game software company's stock worth $1,555,333,000 after purchasing an additional 272,146 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Electronic Arts by 0.9% during the first quarter. Geode Capital Management LLC now owns 5,808,956 shares of the game software company's stock worth $698,212,000 after purchasing an additional 52,736 shares in the last quarter. Capital International Investors lifted its position in shares of Electronic Arts by 8.3% during the fourth quarter. Capital International Investors now owns 5,067,765 shares of the game software company's stock worth $693,318,000 after purchasing an additional 386,630 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Electronic Arts by 7.8% during the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company's stock worth $500,449,000 after purchasing an additional 301,194 shares in the last quarter. Institutional investors own 90.23% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. UBS Group decreased their target price on shares of Electronic Arts from $146.00 to $143.00 and set a "neutral" rating for the company in a research note on Wednesday, March 27th. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. BMO Capital Markets assumed coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They set an "outperform" rating and a $160.00 target price for the company. Finally, Wedbush reissued an "outperform" rating and set a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.00.
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About Electronic Arts
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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.
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