Electronic Arts (NASDAQ:EA) CFO Stuart Canfield Sells 1,500 Shares

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $201.65, for a total value of $302,475.00. Following the transaction, the chief financial officer directly owned 5,595 shares in the company, valued at $1,128,231.75. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Stuart Canfield also recently made the following trade(s):

• On Monday, September 29th, Stuart Canfield sold 6,500 shares of Electronic Arts stock. The shares were sold at an average price of $203.40, for a total value of $1,322,100.00.
• On Friday, September 26th, Stuart Canfield sold 3,500 shares of Electronic Arts stock. The stock was sold at an average price of $187.80, for a total value of $657,300.00.

Electronic Arts Trading Down 0.2%

Shares of Electronic Arts stock traded down $0.43 during midday trading on Friday, reaching $200.69. The company had a trading volume of 3,904,693 shares, compared to its average volume of 3,456,198. The stock has a fifty day moving average price of $194.84 and a 200 day moving average price of $170.26. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75. The firm has a market cap of $50.05 billion, a PE ratio of 58.68, a P/E/G ratio of 3.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. On average, equities analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 22.22%.

Institutional Trading of Electronic Arts

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Electronic Arts by 2.4% in the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock worth $425,000 after buying an additional 50 shares during the period. Ballentine Partners LLC boosted its holdings in Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after acquiring an additional 59 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in Electronic Arts by 5.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after acquiring an additional 59 shares during the period. Linden Thomas Advisory Services LLC raised its stake in shares of Electronic Arts by 3.6% during the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock valued at $392,000 after purchasing an additional 67 shares during the period. Finally, Salomon & Ludwin LLC boosted its holdings in Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EA. BMO Capital Markets lifted their price objective on Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 30th. TD Cowen downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. Citigroup boosted their price target on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Bank of America raised their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Argus set a $210.00 price objective on shares of Electronic Arts in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $181.64.

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.