Electronic Arts Inc. (NASDAQ:EA) Insider Jacob J. Schatz Sells 1,000 Shares

Electronic Arts Inc. (NASDAQ:EA) insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the sale, the insider now directly owns 18,426 shares of the company’s stock, valued at $2,362,397.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Electronic Arts Stock Up 0.0 %

EA stock traded up $0.02 during trading on Wednesday, hitting $126.57. 783,855 shares of the company’s stock were exchanged, compared to its average volume of 2,039,585. The business has a 50-day moving average price of $135.49 and a two-hundred day moving average price of $134.37. The stock has a market capitalization of $33.84 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 1.76 and a beta of 0.76. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm posted $2.29 EPS. Electronic Arts’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect that Electronic Arts Inc. will post 5.36 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s payout ratio is currently 19.14%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Resurgent Financial Advisors LLC purchased a new stake in Electronic Arts during the fourth quarter worth $26,000. DHJJ Financial Advisors Ltd. purchased a new stake in Electronic Arts during the third quarter worth $26,000. Bray Capital Advisors boosted its position in Electronic Arts by 100.0% during the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares in the last quarter. Quarry LP purchased a new stake in Electronic Arts during the fourth quarter worth $26,000. Finally, Cape Investment Advisory Inc. lifted its position in shares of Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. BMO Capital Markets assumed coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price for the company. Wedbush reissued an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Stifel Nicolaus raised their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, UBS Group cut their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

About Electronic Arts

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.