Key Points
- EA EVP Jacob Schatz sold 5,000 shares on May 20 for about $1.01 million at an average price of $201.19. After the sale, he still held 42,287 shares, and the company said the transaction was tied to tax withholding from vesting equity awards.
- Electronic Arts recently announced a quarterly dividend of $0.19 per share, payable June 17 to shareholders of record on May 27. That works out to an annualized dividend of $0.76 and a yield of about 0.4%.
- Analyst sentiment on EA remains mostly cautious, with a consensus rating of “Hold” and a consensus price target of $196.64. Citigroup recently nudged its target up to $204, while the stock has a 52-week range of $141.19 to $204.88.
Electronic Arts Inc. (NASDAQ:EA - Get Free Report) CFO Stuart Canfield sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total transaction of $302,040.00. Following the sale, the chief financial officer owned 25,991 shares of the company's stock, valued at $5,233,547.76. This represents a 5.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Electronic Arts Stock Down 0.4%
EA stock opened at $200.97 on Friday. The company has a fifty day moving average price of $201.95 and a 200 day moving average price of $202.23. Electronic Arts Inc. has a 12 month low of $141.19 and a 12 month high of $204.88. The company has a market cap of $50.39 billion, a price-to-earnings ratio of 57.58, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05.
Electronic Arts Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts's dividend payout ratio is 21.78%.
Hedge Funds Weigh In On Electronic Arts
Several institutional investors have recently bought and sold shares of EA. Principal Financial Group Inc. grew its stake in shares of Electronic Arts by 35.4% during the 3rd quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company's stock worth $78,859,000 after purchasing an additional 102,248 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Electronic Arts during the 3rd quarter worth $1,025,000. OPTIMAS CAPITAL Ltd acquired a new position in shares of Electronic Arts during the 3rd quarter worth $1,815,000. Greenland Capital Management LP acquired a new position in shares of Electronic Arts during the 3rd quarter worth $5,569,000. Finally, Swiss Life Asset Management Ltd grew its stake in shares of Electronic Arts by 75.8% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 85,245 shares of the game software company's stock worth $17,194,000 after purchasing an additional 36,769 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
EA has been the subject of several research reports. Citigroup upped their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. UBS Group reiterated a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $196.64.
Check Out Our Latest Stock Report on Electronic Arts
Electronic Arts Company Profile
(
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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