Electronic Arts (NASDAQ:EA) Insider Laura Miele Sells 2,500 Shares

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $200.54, for a total transaction of $501,350.00. Following the sale, the insider directly owned 40,843 shares of the company’s stock, valued at approximately $8,190,655.22. This trade represents a 5.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Laura Miele also recently made the following trade(s):

• On Wednesday, April 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $203.21, for a total transaction of $508,025.00.
• On Monday, March 16th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00.
• On Tuesday, February 17th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $199.53, for a total transaction of $498,825.00.

Electronic Arts Stock Up 0.2%

EA opened at $201.05 on Tuesday. The firm has a 50 day moving average price of $201.77 and a 200 day moving average price of $202.21. The company has a market cap of $50.41 billion, a PE ratio of 57.61, a price-to-earnings-growth ratio of 2.21 and a beta of 0.66. Electronic Arts Inc. has a 1 year low of $141.19 and a 1 year high of $204.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is 21.78%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research report on Monday, May 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Citigroup increased their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $196.64.

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Electronic Arts by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock worth $5,879,205,000 after acquiring an additional 485,030 shares during the period. Pentwater Capital Management LP boosted its holdings in Electronic Arts by 128.1% in the 4th quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock worth $2,237,414,000 after acquiring an additional 6,150,000 shares during the period. Geode Capital Management LLC boosted its holdings in Electronic Arts by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock worth $1,382,030,000 after acquiring an additional 143,195 shares during the period. 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 worth $926,194,000 after acquiring an additional 374,840 shares during the period. Finally, Invesco Ltd. boosted its holdings in Electronic Arts by 4.9% in the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock worth $870,328,000 after acquiring an additional 202,657 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.