Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CEO Sells $650,700.00 in Stock

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

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 transaction 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 transaction of $740,000.00.

Electronic Arts Stock Up 0.7 %

Electronic Arts stock opened at $130.93 on Monday. The firm has a fifty day moving average price of $137.09 and a two-hundred day moving average price of $146.25. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $34.12 billion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EA. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research note on Monday, January 27th. Oppenheimer reduced their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. DA Davidson began coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price objective 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. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and an average price target of $154.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ascent Group LLC increased its stake in Electronic Arts by 13.1% in the fourth quarter. Ascent Group LLC now owns 18,228 shares of the game software company’s stock valued at $2,667,000 after acquiring an additional 2,107 shares during the period. Putney Financial Group LLC bought a new stake in Electronic Arts in the fourth quarter valued at about $26,000. Mackenzie Financial Corp increased its stake in Electronic Arts by 24.2% in the fourth quarter. Mackenzie Financial Corp now owns 142,282 shares of the game software company’s stock valued at $20,816,000 after acquiring an additional 27,680 shares during the period. Forum Financial Management LP increased its stake in Electronic Arts by 17.3% in the fourth quarter. Forum Financial Management LP now owns 2,895 shares of the game software company’s stock valued at $424,000 after acquiring an additional 427 shares during the period. Finally, Castlekeep Investment Advisors LLC bought a new stake in Electronic Arts in the fourth quarter valued at about $2,354,000. Institutional investors own 90.23% of the company’s stock.

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.