Jeff Huber Sells 79,381 Shares of Electronic Arts (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) Director Jeff Huber sold 79,381 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $201.17, for a total transaction of $15,969,075.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Jeff Huber also recently made the following trade(s):

• On Friday, November 21st, Jeff Huber sold 16,788 shares of Electronic Arts stock. The stock was sold at an average price of $200.72, for a total transaction of $3,369,687.36.

Electronic Arts Stock Up 0.3%

EA stock traded up $0.61 during midday trading on Tuesday, hitting $201.66. The company’s stock had a trading volume of 1,195,048 shares, compared to its average volume of 3,444,680. The company’s fifty day moving average price is $195.99 and its 200 day moving average price is $171.11. 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 Inc. has a twelve month low of $115.21 and a twelve month high of $203.75. The stock has a market capitalization of $50.30 billion, a P/E ratio of 58.96, a PEG ratio of 3.04 and a beta of 0.74.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. Electronic Arts’s revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. As a group, equities research analysts predict that Electronic Arts Inc. will post 4.71 EPS 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 paid a $0.19 dividend. The ex-dividend date 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 (DPR) is currently 22.22%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 0.5% during the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after buying an additional 150,438 shares in the last quarter. State Street Corp increased its position in Electronic Arts by 5.8% during the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock worth $2,726,552,000 after acquiring an additional 932,024 shares during the period. Pentwater Capital Management LP acquired a new stake in Electronic Arts in the 3rd quarter worth about $968,160,000. Ameriprise Financial Inc. boosted its holdings in Electronic Arts by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock valued at $926,194,000 after purchasing an additional 374,840 shares during the period. Finally, Ninety One UK Ltd grew its position in shares of Electronic Arts by 4.6% during the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after purchasing an additional 193,442 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EA shares. TD Cowen cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. DZ Bank lowered Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Arete Research set a $192.00 price target on Electronic Arts in a research note on Tuesday, August 5th. Finally, DA Davidson lifted their price objective on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.