Eric Charles Kelly Sells 2,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA – Get Rating) CAO Eric Charles Kelly sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $125.19, for a total value of $250,380.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,112 shares of the company’s stock, valued at approximately $765,161.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Electronic Arts Stock Up 1.1 %

Shares of EA stock traded up $1.40 during trading hours on Friday, reaching $126.80. The company had a trading volume of 1,873,769 shares, compared to its average volume of 2,372,869. Electronic Arts Inc. has a 12 month low of $108.53 and a 12 month high of $142.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.21 and a quick ratio of 1.23. The business has a fifty day simple moving average of $124.12 and a 200-day simple moving average of $122.38. The company has a market cap of $34.77 billion, a price-to-earnings ratio of 44.18, a price-to-earnings-growth ratio of 5.55 and a beta of 0.87.

Electronic Arts (NASDAQ:EA – Get Rating) last posted its earnings results on Tuesday, May 9th. The game software company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.35). The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.73 billion. Electronic Arts had a net margin of 10.80% and a return on equity of 16.42%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. On average, research analysts expect that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, May 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Tuesday, May 30th. Electronic Arts’s payout ratio is 26.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Electronic Arts from $141.00 to $144.00 in a research note on Wednesday, May 10th. Wells Fargo & Company raised their target price on Electronic Arts from $135.00 to $145.00 in a research note on Wednesday, May 10th. Truist Financial raised their target price on Electronic Arts from $130.00 to $138.00 in a research note on Monday, May 8th. KeyCorp decreased their target price on Electronic Arts from $155.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, February 1st. Finally, TheStreet cut Electronic Arts from a “b-” rating to a “c+” rating in a research note on Thursday, February 23rd. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.88.

Institutional Trading of Electronic Arts

A number of institutional investors and hedge funds have recently modified their holdings of EA. Cetera Advisor Networks LLC increased its position in Electronic Arts by 11.7% in the first quarter. Cetera Advisor Networks LLC now owns 3,466 shares of the game software company’s stock worth $439,000 after buying an additional 363 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Electronic Arts by 8.4% in 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 purchasing an additional 347 shares in the last quarter. Cibc World Market Inc. grew its position in shares of Electronic Arts by 3.8% in 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 purchasing an additional 548 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 during the period. Finally, Prudential PLC boosted its stake 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 during the period. 89.46% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Company Profile

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Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.