Electronic Arts Inc. (NASDAQ:EA) CFO Sells $130,110.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the transaction, the chief financial officer now directly owns 9,516 shares of the company’s stock, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Stuart Canfield also recently made the following trade(s):

• On Thursday, December 26th, Stuart Canfield sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $148.18, for a total value of $148,180.00.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $130.93 on Friday. The firm’s 50-day moving average price is $137.09 and its 200-day moving average price is $146.24. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm has a market capitalization of $34.12 billion, a P/E ratio of 33.32, a P/E/G ratio of 3.54 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Equities research analysts anticipate that Electronic Arts Inc. will post 4.75 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio is presently 19.34%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EA shares. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Citigroup decreased their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus decreased their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. decreased their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average price target of $154.55.

Institutional Investors Weigh In On Electronic Arts

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ascent Group LLC grew its position in shares of Electronic Arts by 13.1% during the 4th quarter. Ascent Group LLC now owns 18,228 shares of the game software company’s stock valued at $2,667,000 after acquiring an additional 2,107 shares during the period. Putney Financial Group LLC bought a new position in Electronic Arts in the 4th quarter worth approximately $26,000. Mackenzie Financial Corp boosted its holdings in Electronic Arts by 24.2% in the 4th quarter. Mackenzie Financial Corp now owns 142,282 shares of the game software company’s stock worth $20,816,000 after buying an additional 27,680 shares during the period. Forum Financial Management LP boosted its holdings in Electronic Arts by 17.3% in the 4th quarter. Forum Financial Management LP now owns 2,895 shares of the game software company’s stock worth $424,000 after buying an additional 427 shares during the period. Finally, Castlekeep Investment Advisors LLC bought a new position in Electronic Arts in the 4th quarter worth approximately $2,354,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

About Electronic Arts

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.