Key Points
- Electronic Arts insider Vijayanthimala Singh sold 1,200 shares on May 15 at an average price of $200.81, totaling about $240,972. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Following the transaction, Singh still held 27,560 shares valued at roughly $5.53 million, reflecting a 4.17% decrease in the position. The article also notes she previously sold 1,200 shares in each of three earlier months.
- EA shares were trading around $201.05, near their 52-week high of $204.88. The company also declared a quarterly dividend of $0.19 per share, and Wall Street currently has a Hold consensus rating on the stock.
Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Vijayanthimala Singh sold 1,200 shares of the company's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $200.81, for a total value of $240,972.00. Following the completion of the sale, the insider owned 27,560 shares in the company, valued at $5,534,323.60. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vijayanthimala Singh also recently made the following trade(s):
- On Wednesday, April 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $203.25, for a total value of $243,900.00.
- On Monday, March 16th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $199.69, for a total value of $239,628.00.
- On Tuesday, February 17th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $200.63, for a total value of $240,756.00.
Electronic Arts Price Performance
NASDAQ:EA opened at $201.05 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock's 50 day moving average price is $201.77 and its two-hundred day moving average price is $202.21. The firm has a market capitalization of $50.41 billion, a price-to-earnings ratio of 57.61, a P/E/G ratio of 2.21 and a beta of 0.66. Electronic Arts Inc. has a 12-month low of $141.19 and a 12-month high of $204.88.
Electronic Arts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio is presently 21.78%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on EA shares. UBS Group reaffirmed a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Electronic Arts in a research report on Monday, May 4th. Finally, Citigroup upped their target price on Electronic Arts from $202.00 to $204.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and a consensus target price of $196.64.
Check Out Our Latest Report on EA
Hedge Funds Weigh In On Electronic Arts
Several institutional investors and hedge funds have recently made changes to their positions in the company. Pentwater Capital Management LP grew its holdings in shares of Electronic Arts by 128.1% during the 4th quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company's stock worth $2,237,414,000 after purchasing an additional 6,150,000 shares in the last quarter. Norges Bank acquired a new position in Electronic Arts in the fourth quarter valued at about $643,674,000. HBK Investments L P acquired a new position in Electronic Arts in the fourth quarter valued at about $390,267,000. Ameriprise Financial Inc. raised its stake in Electronic Arts by 44.6% in the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company's stock valued at $673,393,000 after purchasing an additional 1,300,336 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in Electronic Arts in the fourth quarter valued at about $165,153,000. Institutional investors and hedge funds own 90.23% of the company's stock.
About Electronic Arts
(
Get Free Report)
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA's product lineup spans several well-known franchises and genres.
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