Electronic Arts Inc. (NASDAQ:EA - Get Free Report) insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the sale, the insider directly owned 26,360 shares in the company, valued at $5,351,080. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vijayanthimala Singh also recently made the following trade(s):
- On Friday, May 15th, Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00.
- 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 transaction of $243,900.00.
Electronic Arts Price Performance
EA opened at $203.02 on Wednesday. Electronic Arts Inc. has a one year low of $146.97 and a one year high of $204.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The company's 50 day simple moving average is $202.21 and its 200-day simple moving average is $202.38. The stock has a market capitalization of $50.91 billion, a P/E ratio of 58.17, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65.
Electronic Arts Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts's dividend payout ratio is 21.78%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on EA. Wall Street Zen raised shares of Electronic Arts to a "hold" rating in a research note on Saturday, June 6th. Citigroup increased their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Electronic Arts from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, May 18th. Finally, Argus cut shares of Electronic Arts from a "buy" rating to a "hold" rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $196.64.
Check Out Our Latest Research Report on Electronic Arts
Hedge Funds Weigh In On Electronic Arts
A number of hedge funds and other institutional investors have recently bought and sold shares of EA. Greenland Capital Management LP bought a new position in shares of Electronic Arts during the third quarter worth $5,569,000. Swiss Life Asset Management Ltd boosted its position in shares of Electronic Arts by 75.8% during the third 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 in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Electronic Arts by 9.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 110,851 shares of the game software company's stock worth $22,650,000 after purchasing an additional 9,297 shares in the last quarter. Barometer Capital Management Inc. bought a new position in shares of Electronic Arts during the third quarter worth $4,503,000. Finally, Vestcor Inc boosted its position in shares of Electronic Arts by 43.2% during the third quarter. Vestcor Inc now owns 112,668 shares of the game software company's stock worth $22,725,000 after purchasing an additional 33,982 shares in the last quarter. 90.23% of the stock is owned by institutional investors.
Electronic Arts News Summary
Here are the key news stories impacting Electronic Arts this week:
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
