Key Points
- On Nov. 17, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts at an average price of $201.42 for $241,704, leaving her with 34,760 shares (about $7.0M), a 3.34% reduction in ownership.
- This transaction continues a recent pattern of identical-sized disposals — Singh also sold 1,200 shares on Aug. 27, Sept. 15, Sept. 29 and Oct. 15 — indicating ongoing divestment activity.
- EA posted a quarterly EPS miss ($0.65 vs. $0.72 expected) with revenue down 12.6% year-over-year, and announced a quarterly dividend of $0.19 (annualized $0.76, ~0.4% yield) payable Dec. 23.
Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Vijayanthimala Singh sold 1,200 shares of the company's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $201.42, for a total transaction of $241,704.00. Following the completion of the transaction, the insider directly owned 34,760 shares of the company's stock, valued at approximately $7,001,359.20. The trade was a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Vijayanthimala Singh also recently made the following trade(s):
- On Wednesday, October 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $200.31, for a total value of $240,372.00.
- On Monday, September 29th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $203.40, for a total value of $244,080.00.
- On Monday, September 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $171.52, for a total value of $205,824.00.
- On Wednesday, August 27th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The stock was sold at an average price of $172.26, for a total value of $206,712.00.
Electronic Arts Stock Performance
Shares of EA opened at $201.89 on Thursday. The firm has a market cap of $50.35 billion, a price-to-earnings ratio of 58.94, a PEG ratio of 3.04 and a beta of 0.74. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The business's 50 day moving average is $194.21 and its two-hundred day moving average is $170.04. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75.
Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.07). The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The firm's quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 EPS. Analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.
Electronic Arts Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts's dividend payout ratio is 22.22%.
Analysts Set New Price Targets
A number of research firms recently commented on EA. Wall Street Zen downgraded Electronic Arts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Roth Capital lowered Electronic Arts from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $185.00 to $210.00 in a research report on Thursday, October 2nd. HSBC lowered Electronic Arts from a "buy" rating to a "hold" rating and set a $191.00 price target on the stock. in a research report on Monday, September 29th. Oppenheimer lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 30th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $200.00 price target on shares of Electronic Arts in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $181.64.
Read Our Latest Stock Analysis on Electronic Arts
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Electronic Arts by 0.5% during the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock valued at $4,198,607,000 after buying an additional 150,438 shares during the last quarter. State Street Corp grew its stake in shares of Electronic Arts by 5.8% in the second quarter. State Street Corp now owns 17,072,959 shares of the game software company's stock worth $2,726,552,000 after purchasing an additional 932,024 shares in the last quarter. Pentwater Capital Management LP acquired a new position in shares of Electronic Arts during the third quarter valued at $968,160,000. Ameriprise Financial Inc. raised its stake in shares of Electronic Arts by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company's stock valued at $926,194,000 after purchasing an additional 374,840 shares in the last quarter. Finally, Ninety One UK Ltd lifted its holdings in Electronic Arts by 4.6% in the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company's stock worth $695,645,000 after purchasing an additional 193,442 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.
Electronic Arts Company Profile
(
Get Free Report)
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.
Further Reading
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