Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield Sells 1,000 Shares

Electronic Arts Inc. (NASDAQ:EA) CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the transaction, the chief financial officer now owns 8,750 shares of the company’s stock, valued at approximately $1,296,575. The trade was a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Electronic Arts Stock Down 1.1 %

Shares of NASDAQ:EA traded down $1.58 during trading on Monday, reaching $146.54. 1,152,578 shares of the stock traded hands, compared to its average volume of 2,052,090. The stock has a market cap of $38.43 billion, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a 50-day moving average of $157.23 and a two-hundred day moving average of $148.62. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s dividend payout ratio is 19.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EA. BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Roth Mkm increased their price objective on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and a consensus target price of $165.37.

Institutional Trading of Electronic Arts

Institutional investors and hedge funds have recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts in the third quarter worth approximately $25,000. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts during the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC increased its position in shares of Electronic Arts by 156.6% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Electronic Arts in the 2nd quarter worth approximately $73,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Company Profile

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.