Chris Bruzzo Sells 2,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EAGet Rating) insider Chris Bruzzo sold 2,000 shares of Electronic Arts stock in a transaction on Monday, August 1st. The stock was sold at an average price of $130.82, for a total value of $261,640.00. Following the sale, the insider now owns 21,524 shares in the company, valued at $2,815,769.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Chris Bruzzo also recently made the following trade(s):

  • On Wednesday, June 1st, Chris Bruzzo sold 2,000 shares of Electronic Arts stock. The stock was sold at an average price of $138.94, for a total value of $277,880.00.
  • On Friday, May 27th, Chris Bruzzo sold 4,500 shares of Electronic Arts stock. The stock was sold at an average price of $140.00, for a total value of $630,000.00.
  • On Wednesday, May 18th, Chris Bruzzo sold 2,000 shares of Electronic Arts stock. The stock was sold at an average price of $128.39, for a total value of $256,780.00.

Electronic Arts Stock Up 3.4 %

Shares of NASDAQ EA opened at $133.28 on Thursday. Electronic Arts Inc. has a 12 month low of $109.24 and a 12 month high of $147.76. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $37.26 billion, a price-to-earnings ratio of 48.29, a PEG ratio of 2.13 and a beta of 0.84. The business has a 50-day moving average of $129.91 and a 200-day moving average of $128.32.

Electronic Arts (NASDAQ:EAGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The game software company reported $0.82 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.22). Electronic Arts had a return on equity of 18.99% and a net margin of 11.29%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm posted $0.72 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. Sell-side analysts expect that Electronic Arts Inc. will post 5.49 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Wednesday, August 31st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.57%. Electronic Arts’s dividend payout ratio is currently 27.54%.

Institutional Trading of Electronic Arts

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Thoroughbred Financial Services LLC boosted its stake in Electronic Arts by 10.6% in the second quarter. Thoroughbred Financial Services LLC now owns 9,838 shares of the game software company’s stock worth $1,196,000 after buying an additional 941 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Electronic Arts by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 151,455 shares of the game software company’s stock worth $18,425,000 after buying an additional 5,852 shares in the last quarter. Baker Avenue Asset Management LP lifted its position in Electronic Arts by 9.2% in the second quarter. Baker Avenue Asset Management LP now owns 5,424 shares of the game software company’s stock valued at $660,000 after purchasing an additional 455 shares during the last quarter. Janiczek Wealth Management LLC lifted its position in Electronic Arts by 16.8% in the second quarter. Janiczek Wealth Management LLC now owns 1,298 shares of the game software company’s stock valued at $170,000 after purchasing an additional 187 shares during the last quarter. Finally, Fulcrum Capital LLC bought a new stake in Electronic Arts in the second quarter valued at approximately $5,630,000. Hedge funds and other institutional investors own 89.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EA shares. Ascendiant Capital Markets set a $160.00 price objective on Electronic Arts in a research note on Monday, June 20th. Stifel Nicolaus lowered their price objective on Electronic Arts from $155.00 to $153.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. Bank of America boosted their price objective on Electronic Arts from $148.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company lowered their price objective on Electronic Arts from $155.00 to $145.00 in a research note on Wednesday, May 11th. Finally, Robert W. Baird lowered their price objective on Electronic Arts from $165.00 to $140.00 in a research note on Wednesday, May 11th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $153.70.

Electronic Arts Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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