Electronic Arts (NASDAQ:EA) Reaches New 12-Month Low on Insider Selling

Electronic Arts Inc. (NASDAQ:EA) shares reached a new 52-week low during mid-day trading on Thursday following insider selling activity. The company traded as low as $117.56 and last traded at $119.27, with a volume of 844228 shares traded. The stock had previously closed at $142.35.

Specifically, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares in the company, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

Several brokerages have commented on EA. Oppenheimer cut their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday. UBS Group increased their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Argus increased their target price on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday. Finally, Robert W. Baird dropped their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.89.

Electronic Arts Stock Performance

The firm has a market cap of $30.84 billion, a PE ratio of 30.59, a PEG ratio of 1.88 and a beta of 0.80. 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 firm’s 50 day moving average price is $154.24 and its two-hundred day moving average price is $149.20.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.65%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the third quarter worth $25,000. Pinnacle Bancorp Inc. grew its holdings in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC increased its holdings in shares of Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after acquiring an additional 166 shares during the period. Finally, Larson Financial Group LLC grew its position in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. 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.