Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CEO Sells 2,500 Shares of Stock

Electronic Arts Inc. (NASDAQ:EAGet Free Report) CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $138.88, for a total value of $347,200.00. Following the completion of the transaction, the chief executive officer now directly owns 30,930 shares of the company’s stock, valued at approximately $4,295,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Andrew Wilson also recently made the following trade(s):

  • On Tuesday, December 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $137.44, for a total value of $343,600.00.
  • On Monday, November 27th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $137.19, for a total value of $342,975.00.

Electronic Arts Stock Up 0.3 %

Shares of Electronic Arts stock traded up $0.48 during trading on Friday, reaching $139.42. The company had a trading volume of 1,800,432 shares, compared to its average volume of 1,433,074. The company has a market cap of $37.50 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 2.23 and a beta of 0.82. The firm’s fifty day moving average is $137.38 and its 200-day moving average is $130.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a fifty-two week low of $108.53 and a fifty-two week high of $143.47.

Electronic Arts (NASDAQ:EAGet Free Report) last released its quarterly earnings data on Wednesday, November 1st. The game software company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.18. Electronic Arts had a net margin of 13.08% and a return on equity of 20.02%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, analysts anticipate that Electronic Arts Inc. will post 5.29 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Tuesday, November 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 20.94%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BDO Wealth Advisors LLC lifted its position in shares of Electronic Arts by 26.7% in the 2nd quarter. BDO Wealth Advisors LLC now owns 380 shares of the game software company’s stock valued at $49,000 after acquiring an additional 80 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Electronic Arts by 4.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,086 shares of the game software company’s stock valued at $271,000 after acquiring an additional 80 shares in the last quarter. Ballentine Partners LLC lifted its position in Electronic Arts by 2.7% in the 2nd quarter. Ballentine Partners LLC now owns 3,207 shares of the game software company’s stock worth $416,000 after buying an additional 83 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in Electronic Arts by 4.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,969 shares of the game software company’s stock worth $256,000 after buying an additional 84 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its position in Electronic Arts by 60.6% in the 2nd quarter. Bell Investment Advisors Inc now owns 228 shares of the game software company’s stock worth $30,000 after buying an additional 86 shares in the last quarter. 90.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on EA. Bank of America raised Electronic Arts from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $150.00 in a research report on Tuesday, October 10th. TheStreet upgraded Electronic Arts from a “c+” rating to a “b-” rating in a report on Monday, November 27th. BMO Capital Markets began coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price on the stock. Wolfe Research assumed coverage on Electronic Arts in a report on Tuesday, December 12th. They issued a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Electronic Arts from $132.00 to $139.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Ten analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

View Our Latest Stock Report on EA

Electronic Arts Company Profile

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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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