Insider Selling: Electronic Arts (NASDAQ:EA) Insider Sells $507,750.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the transaction, the insider directly owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $200.54, for a total value of $501,350.00.
• On Wednesday, April 15th, Laura Miele sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $203.21, for a total value of $508,025.00.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $202.15 on Friday. The business has a fifty day simple moving average of $202.15 and a 200 day simple moving average of $202.39. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $50.69 billion, a price-to-earnings ratio of 57.92, a PEG ratio of 2.28 and a beta of 0.65. Electronic Arts Inc. has a one year low of $146.97 and a one year high of $204.88.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 21.78%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EA. Vanguard Group Inc. increased its holdings in Electronic Arts by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock valued at $5,879,205,000 after purchasing an additional 485,030 shares in the last quarter. Pentwater Capital Management LP boosted its stake in Electronic Arts by 128.1% in the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock worth $2,237,414,000 after purchasing an additional 6,150,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in Electronic Arts by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock worth $1,382,030,000 after purchasing an additional 143,195 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Electronic Arts by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock worth $926,194,000 after purchasing an additional 374,840 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Electronic Arts by 4.9% in the third quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock valued at $870,328,000 after buying an additional 202,657 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup raised their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Company Profile

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.