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 company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the sale, the chief executive officer now directly owns 54,247 shares of the company’s stock, valued at $7,675,950.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, August 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $148.88, for a total value of $372,200.00.
• On Thursday, July 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $142.42, for a total value of $356,050.00.

Electronic Arts Stock Performance

NASDAQ EA opened at $142.25 on Wednesday. Electronic Arts Inc. has a 1-year low of $118.60 and a 1-year high of $153.51. The company has a market capitalization of $37.80 billion, a P/E ratio of 30.40, a PEG ratio of 1.91 and a beta of 0.79. The business has a 50 day moving average price of $145.90 and a 200 day moving average price of $138.07. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.06. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Sell-side analysts expect that Electronic Arts Inc. will post 5.93 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s payout ratio is 16.24%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $154.00 target price on shares of Electronic Arts in a research report on Tuesday, July 30th. Raymond James increased their price objective on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen increased their price objective on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America increased their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Oppenheimer increased their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.94.

Institutional Investors Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Electronic Arts by 82.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after purchasing an additional 11,343 shares during the period. FORA Capital LLC grew its position in shares of Electronic Arts by 209.7% in the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after purchasing an additional 31,136 shares during the period. Duality Advisers LP purchased a new stake in shares of Electronic Arts in the first quarter valued at $1,711,000. Scotia Capital Inc. grew its position in shares of Electronic Arts by 99.4% in the fourth quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock valued at $2,372,000 after purchasing an additional 8,644 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Electronic Arts by 13.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock valued at $46,258,000 after purchasing an additional 41,567 shares during the period. Hedge funds and other 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.