Electronic Arts Inc. (NASDAQ:EA) Director Luis A. Ubinas Sells 4,872 Shares of Stock

Electronic Arts Inc. (NASDAQ:EAGet Free Report) Director Luis A. Ubinas sold 4,872 shares of Electronic Arts stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $136.84, for a total transaction of $666,684.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Electronic Arts Stock Performance

NASDAQ:EA opened at $140.61 on Friday. Electronic Arts Inc. has a 12-month low of $108.53 and a 12-month high of $143.47. The company has a current ratio of 1.33, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $37.59 billion, a P/E ratio of 35.42, a P/E/G ratio of 2.10 and a beta of 0.78. The stock has a 50-day moving average price of $137.65 and a 200 day moving average price of $130.19.

Electronic Arts (NASDAQ:EAGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the business earned $2.29 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts forecast that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, February 27th. Electronic Arts’s dividend payout ratio is 19.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EA. Stifel Nicolaus raised their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Electronic Arts from $132.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Electronic Arts from $135.00 to $150.00 and gave the company a “hold” rating in a research report on Tuesday, November 21st. Finally, BMO Capital Markets started coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and an average price target of $146.94.

Read Our Latest Stock Report on EA

Institutional Investors Weigh In On Electronic Arts

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after acquiring an additional 3,600,388 shares in the last quarter. Norges Bank purchased a new stake in shares of Electronic Arts during the fourth quarter valued at $270,382,000. BlackRock Inc. grew its stake in Electronic Arts by 7.0% during the 2nd quarter. BlackRock Inc. now owns 25,779,074 shares of the game software company’s stock valued at $3,343,546,000 after purchasing an additional 1,690,474 shares during the last quarter. Morgan Stanley raised its holdings in shares of Electronic Arts by 62.1% during the fourth quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock worth $390,128,000 after purchasing an additional 1,223,195 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Electronic Arts by 265.0% in the second quarter. Barclays PLC now owns 1,516,792 shares of the game software company’s stock valued at $196,727,000 after purchasing an additional 1,101,229 shares during the last quarter. Institutional investors own 90.42% of the company’s stock.

About Electronic Arts

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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.

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

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