Jacob J. Schatz Sells 1,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA – Get Rating) insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $126.70, for a total value of $126,700.00. Following the completion of the transaction, the insider now owns 15,899 shares of the company’s stock, valued at approximately $2,014,403.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Electronic Arts Stock Down 0.5 %

NASDAQ:EA opened at $124.84 on Tuesday. The firm has a market capitalization of $34.23 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 8.57 and a beta of 0.87. Electronic Arts Inc. has a twelve month low of $108.53 and a twelve month high of $142.79. The stock’s 50 day moving average price is $121.87 and its two-hundred day moving average price is $122.43. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA – Get Rating) last posted its quarterly earnings results on Tuesday, May 9th. The game software company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($1.35). The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.73 billion. Electronic Arts had a return on equity of 14.38% and a net margin of 14.08%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. Equities research analysts expect that Electronic Arts Inc. will post 4.42 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Tuesday, May 30th. Electronic Arts’s dividend payout ratio (DPR) is 26.48%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Friday. Morgan Stanley dropped their price objective on Electronic Arts from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Wednesday, February 1st. Truist Financial raised their target price on shares of Electronic Arts from $130.00 to $138.00 in a research note on Monday, May 8th. Deutsche Bank Aktiengesellschaft lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Thursday, February 16th. Finally, Benchmark lifted their target price on Electronic Arts from $133.00 to $144.00 in a report on Wednesday, May 10th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and an average price target of $136.21.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EA. Gateway Investment Advisers LLC grew its position in shares of Electronic Arts by 3.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 2,645 shares of the game software company’s stock valued at $323,000 after acquiring an additional 81 shares during the period. Checchi Capital Advisers LLC grew its holdings in Electronic Arts by 2.2% during the third quarter. Checchi Capital Advisers LLC now owns 3,820 shares of the game software company’s stock valued at $442,000 after purchasing an additional 83 shares during the period. Kentucky Retirement Systems increased its position in Electronic Arts by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 20,767 shares of the game software company’s stock worth $2,537,000 after buying an additional 90 shares during the last quarter. Integrated Advisors Network LLC raised its stake in shares of Electronic Arts by 1.8% in the fourth quarter. Integrated Advisors Network LLC now owns 5,248 shares of the game software company’s stock valued at $641,000 after buying an additional 91 shares during the period. Finally, Greenleaf Trust lifted its position in shares of Electronic Arts by 2.7% during the 1st quarter. Greenleaf Trust now owns 3,450 shares of the game software company’s stock valued at $416,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 89.46% of the company’s stock.

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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.