Key Points
- Electronic Arts CFO Stuart Canfield sold 1,500 shares on Nov. 20 at an average price of $201.65 (≈$302,475), cutting his stake by 21.14%; this follows multiple September sales that together amounted to 10,000 shares, signaling notable insider liquidations.
- EA recently missed quarterly expectations — $0.65 EPS vs. $0.72 consensus and $1.84B revenue vs. $1.88B consensus, with revenue down 12.6% YoY — yet the stock trades near its 12‑month high (~$203.75) and carries a market‑cap of about $50B while analysts hold an average "Hold" rating with a $181.64 target.
Electronic Arts Inc. (NASDAQ:EA - Get Free Report) CFO Stuart Canfield sold 1,500 shares of the business's stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $201.65, for a total transaction of $302,475.00. Following the sale, the chief financial officer directly owned 5,595 shares in the company, valued at $1,128,231.75. The trade was a 21.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Stuart Canfield also recently made the following trade(s):
- On Monday, September 29th, Stuart Canfield sold 6,500 shares of Electronic Arts stock. The shares were sold at an average price of $203.40, for a total value of $1,322,100.00.
- On Friday, September 26th, Stuart Canfield sold 3,500 shares of Electronic Arts stock. The shares were sold at an average price of $187.80, for a total value of $657,300.00.
Electronic Arts Price Performance
EA traded down $0.43 during trading on Friday, reaching $200.69. 3,904,693 shares of the company were exchanged, compared to its average volume of 3,456,198. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75. The company's 50-day moving average is $195.40 and its two-hundred day moving average is $170.57. 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 company has a market cap of $50.05 billion, a price-to-earnings ratio of 58.68, a P/E/G ratio of 3.04 and a beta of 0.74.
Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company earned $1.11 earnings per share. The company's quarterly revenue was down 12.6% on a year-over-year basis. Research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.
Electronic Arts Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. 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 payout ratio is 22.22%.
Hedge Funds Weigh In On Electronic Arts
A number of hedge funds and other institutional investors have recently modified their holdings of EA. Salomon & Ludwin LLC lifted its position in Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company's stock worth $26,000 after buying an additional 68 shares during the last quarter. Ameriflex Group Inc. raised its stake in shares of Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company's stock worth $28,000 after acquiring an additional 69 shares in the last quarter. Bank of Jackson Hole Trust lifted its holdings in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after acquiring an additional 75 shares during the last quarter. MTM Investment Management LLC bought a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $30,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at $30,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
EA has been the topic of several research analyst reports. Bank of America upped their price target on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Morgan Stanley upped their target price on Electronic Arts from $148.00 to $210.00 and gave the stock an "equal weight" rating in a research note on Monday, October 20th. Citigroup raised their price target on Electronic Arts from $206.00 to $207.00 and gave the company a "neutral" rating in a report on Thursday, October 30th. Jefferies Financial Group downgraded Electronic Arts from a "buy" rating to a "hold" rating and lifted their price target for the company from $200.00 to $210.00 in a research report on Tuesday, September 30th. Finally, Wall Street Zen cut shares of Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $181.64.
View Our Latest Stock Analysis on Electronic Arts
About Electronic Arts
(
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.
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