Electronic Arts Inc. (NASDAQ:EA – Get Rating) insider Jacob J. Schatz sold 2,000 shares of the company’s stock in a transaction Monday, November 21. The stock sold at an average price of $126.53 for a total value of $253,060.00. Following the sale, the insider now directly owns 16,737 shares of the company’s stock valued at $2,117,732.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website.
Electronic Arts trading down 1.7%
Electronic Arts shares fell $2.22 during trading hours on Monday to hit $127.86. The stock had a trading volume of 1,846,881 shares compared to an average volume of 2,249,302. The stock has a market cap of $35.30 billion, a PE ratio of 40.52, a PEG ratio of 2.06 and a beta of 0.85. Electronic Arts Inc. has a 52-week low of $109.24 and a 52-week high of $142.79. The company has a gearing ratio of 0.24, a current ratio of 1.34 and a quick ratio of 1.34. The company has a 50-day simple moving average of $124.11 and a 200-day simple moving average of $127.24.
Electronic Arts dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, November 30 will receive a dividend of $0.19. The ex-dividend date is Tuesday November 29th. That equates to an annualized dividend of $0.76 and a yield of 0.59%. Electronic Arts’ dividend payout ratio (DPR) is currently 23.68%.
Changes in analyst ratings
A number of brokers have recently published reports on EA. Atlantic Securities downgraded Electronic Arts from an “overweight” rating to a “neutral” rating in a research report Thursday, September 15, and lowered the price target on the stock to $130.00 from $140.00. They determined that the move was an evaluation call. MKM Partners downgraded Electronic Arts from a “buy” rating to a “neutral” rating and put a price target of $131.00 on the stock. in a research paper on Wednesday, September 7th. Bank of America raised its target price on Electronic Arts to $155.00 from $148.00 and gave the company a buy rating in a research report on Wednesday, August 3. Wedbush lowered its target price on Electronic Arts to $164.00 from $170.00 and gave the company a “Outperform” rating in a research note on Wednesday, November 2nd. Finally, Credit Suisse Group lowered its price target on Electronic Arts to $143.00 from $144.00 and gave the company a “outperform” rating in a research note on Wednesday, November 2nd. Six research analysts have rated the stock with a hold rating, ten with a buy rating and one with a strong buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $148.76.
Institutional trade in electronic arts
A number of major investors recently changed their positions in the stock. Checchi Capital Advisers LLC increased its position in Electronic Arts by 2.2% in the third quarter. Checchi Capital Advisers LLC now owns 3,820 shares of the gaming software company, valued at $442,000, after acquiring an additional 83 shares last quarter. Scotia Capital Inc. increased its position in Electronic Arts by 1.1% in the second quarter. Scotia Capital Inc. now owns 7,965 shares of the gaming software company, valued at $969,000, after purchasing an additional 85 shares last quarter. Synovus Financial Corp increased its position in Electronic Arts by 1.5% in the third quarter. Synovus Financial Corp now owns 5,673 shares of the $654,000 gaming software company after purchasing an additional 85 shares last quarter. Newfound Research LLC increased its position in Electronic Arts by 8.6% in the first quarter. Newfound Research LLC now owns 1,160 shares of the $147,000 gaming software company after purchasing an additional 92 shares last quarter. Finally, Crewe Advisors LLC increased its holding in Electronic Arts by 7.1% during the second quarter. Crewe Advisors LLC now owns 1,380 shares of the $168,000 gaming software company after purchasing an additional 92 shares last quarter. 90.65% of the shares are currently owned by institutional investors.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes and distributes games, content and services for gaming consoles, personal computers, mobile phones and tablets worldwide. It develops and publishes games and services from various genres, such as sports, racing, first-person shooter, action, role-playing and simulation, mainly under Battlefield, The Sims, Apex Legends, Need for Speed and licensed games by others, including FIFA brands , Madden NFL, UFC and Star Wars.
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