Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson Sells 5,000 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the transaction, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, January 21st, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $142.68, for a total value of $713,400.00.
• On Friday, December 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $148.00, for a total value of $740,000.00.

Electronic Arts Stock Performance

Electronic Arts stock opened at $130.93 on Friday. The stock’s 50 day moving average is $137.09 and its 200 day moving average is $146.24. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a market capitalization of $34.12 billion, a P/E ratio of 33.32, a PEG ratio of 3.54 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, equities research analysts predict that Electronic Arts Inc. will post 4.75 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.58%. Electronic Arts’s dividend payout ratio is 19.34%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EA. Stifel Nicolaus reduced their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Citigroup cut their price objective on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. UBS Group lifted their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, 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, January 21st. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $154.55.

Institutional Trading of Electronic Arts

Institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts during the 3rd quarter valued at $25,000. Putney Financial Group LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at $26,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at $32,000. Finally, LGT Financial Advisors LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at $33,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

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.