Andrew Wilson Sells 2,500 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $130.66, for a total value of $326,650.00. Following the completion of the transaction, the chief executive officer now owns 25,930 shares of the company’s stock, valued at approximately $3,388,013.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, February 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $142.39, for a total value of $355,975.00.
• On Thursday, January 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $138.88, for a total value of $347,200.00.
• On Tuesday, December 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $137.44, for a total value of $343,600.00.

Electronic Arts Trading Up 0.7 %

Shares of EA stock opened at $131.87 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s 50 day simple moving average is $137.56 and its two-hundred day simple moving average is $133.29. Electronic Arts Inc. has a 1 year low of $117.36 and a 1 year high of $144.53. The company has a market cap of $35.26 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 1.93 and a beta of 0.77.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. Research analysts predict that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 0.58%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.14%.

Analysts Set New Price Targets

EA has been the subject of a number of research reports. UBS Group reduced their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday. Wedbush reissued an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a report on Wednesday, January 31st. Stifel Nicolaus boosted their price target on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. BMO Capital Markets initiated coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Finally, Wolfe Research began coverage on Electronic Arts in a research note on Tuesday, December 12th. They issued a “peer perform” rating for the company. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Institutional Trading of Electronic Arts

Hedge funds and other institutional investors have recently bought and sold shares of the stock. DHJJ Financial Advisors Ltd. bought a new stake in Electronic Arts during the 3rd quarter valued at $26,000. Bray Capital Advisors boosted its position in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after acquiring an additional 110 shares in the last quarter. Quarry LP bought a new stake in Electronic Arts during the 4th quarter valued at $26,000. Resurgent Financial Advisors LLC bought a new stake in Electronic Arts during the 4th quarter valued at $26,000. Finally, Cape Investment Advisory Inc. boosted its position in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares in the last quarter. 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.