Electronic Arts Inc. (NASDAQ:EA) CEO Sells $713,400.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the transaction, the chief executive officer now owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 transaction of $740,000.00.
• On Wednesday, November 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $166.47, for a total value of $832,350.00.
• On Friday, October 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $145.87, for a total value of $364,675.00.

Electronic Arts Trading Down 0.6 %

Shares of EA opened at $142.35 on Thursday. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $37.33 billion, a P/E ratio of 36.59, a PEG ratio of 1.86 and a beta of 0.80. The firm’s 50-day moving average is $154.24 and its two-hundred day moving average is $149.20.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of research reports. UBS Group boosted their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus dropped their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their target price for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Finally, Oppenheimer dropped their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $164.68.

Hedge Funds Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts in the third quarter valued at about $25,000. Pinnacle Bancorp Inc. raised its position 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 worth $29,000 after purchasing an additional 117 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in Electronic Arts in the 3rd quarter valued at approximately $36,000. Bruce G. Allen Investments LLC lifted its stake in Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after buying an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

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.