Electronic Arts Inc. (NASDAQ:EA – Get Free Report) insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Electronic Arts Price Performance
Electronic Arts stock opened at $142.28 on Friday. Electronic Arts Inc. has a 12-month low of $108.53 and a 12-month high of $144.53. The stock has a market capitalization of $38.04 billion, a P/E ratio of 35.84, a P/E/G ratio of 2.18 and a beta of 0.78. The firm’s 50-day moving average is $138.07 and its two-hundred day moving average is $130.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.
Electronic Arts (NASDAQ:EA – Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the business earned $2.29 earnings per share. Electronic Arts’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts predict that Electronic Arts Inc. will post 5.36 earnings per share for the current year.
Electronic Arts Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th will be given a $0.19 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio is presently 19.14%.
Analyst Ratings Changes
Several research firms recently commented on EA. Wolfe Research began coverage on shares of Electronic Arts in a research report on Tuesday, December 12th. They issued a “peer perform” rating for the company. Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Wedbush reaffirmed an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, January 31st. TheStreet upgraded shares of Electronic Arts from a “c+” rating to a “b-” rating in a report on Monday, November 27th. Finally, Roth Mkm increased their price target on shares of Electronic Arts from $138.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.94.
View Our Latest Stock Analysis on EA
Institutional Investors Weigh In On Electronic Arts
Hedge funds have recently modified their holdings of the stock. Cetera Advisor Networks LLC lifted its position in Electronic Arts by 11.7% during the first quarter. Cetera Advisor Networks LLC now owns 3,466 shares of the game software company’s stock valued at $439,000 after buying an additional 363 shares in the last quarter. Raymond James Trust N.A. lifted its position in Electronic Arts by 8.4% during the first quarter. Raymond James Trust N.A. now owns 4,459 shares of the game software company’s stock valued at $564,000 after buying an additional 347 shares in the last quarter. Cibc World Market Inc. lifted its position in Electronic Arts by 3.8% during the first quarter. Cibc World Market Inc. now owns 14,997 shares of the game software company’s stock valued at $1,897,000 after buying an additional 548 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Electronic Arts by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 866,675 shares of the game software company’s stock valued at $109,653,000 after buying an additional 13,934 shares in the last quarter. Finally, Prudential PLC lifted its position in Electronic Arts by 208.9% during the first quarter. Prudential PLC now owns 14,112 shares of the game software company’s stock valued at $1,785,000 after buying an additional 9,544 shares in the last quarter. 90.42% of the stock is owned by institutional investors and hedge funds.
Electronic Arts Company Profile
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.
Further Reading
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