Electronic Arts Inc. (NASDAQ:EA) Short Interest Update

by · The Markets Daily

Electronic Arts Inc. (NASDAQ:EA – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 7,170,000 shares, a growth of 12.9% from the November 30th total of 6,350,000 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 1,900,000 shares, the short-interest ratio is currently 3.8 days.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EA. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Roth Mkm boosted their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Wedbush restated an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a report on Friday, October 25th. Finally, Benchmark reissued a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

View Our Latest Report on EA

Electronic Arts Stock Down 0.2 %

Shares of EA traded down $0.24 on Wednesday, hitting $146.30. 918,352 shares of the stock traded hands, compared to its average volume of 2,047,593. Electronic Arts has a one year low of $124.92 and a one year high of $168.50. The company has a market capitalization of $38.37 billion, a PE ratio of 37.61, a P/E/G ratio of 2.14 and a beta of 0.79. The business has a 50 day simple moving average of $157.25 and a 200 day simple moving average of $148.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares in the company, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $144.72, for a total value of $217,080.00. Following the transaction, the executive vice president now owns 24,860 shares in the company, valued at approximately $3,597,739.20. This represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,500 shares of company stock valued at $3,491,995 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EA. Ashton Thomas Securities LLC bought a new position in Electronic Arts during the third quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts in the 3rd quarter worth $36,000. Bruce G. Allen Investments LLC grew its holdings in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after acquiring an additional 166 shares during the period. Larson Financial Group LLC grew its holdings in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares during the period. Finally, Hantz Financial Services Inc. purchased a new stake in Electronic Arts during the second quarter valued at $73,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Company Profile

(Get Free Report)

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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