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

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the transaction, the chief executive officer owned 38,858 shares in the company, valued at approximately $7,937,135.08. The trade was a 11.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $204.11, for a total transaction of $1,020,550.00.
• On Monday, November 17th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $201.05, for a total transaction of $1,005,250.00.
• On Monday, October 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $200.55, for a total transaction of $1,002,750.00.

Electronic Arts Trading Up 0.0%

Shares of EA stock traded up $0.10 on Friday, reaching $204.25. 2,067,845 shares of the stock were exchanged, compared to its average volume of 1,786,886. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $204.88. The stock has a market cap of $51.08 billion, a P/E ratio of 59.72, a price-to-earnings-growth ratio of 2.41 and a beta of 0.73. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $203.20 and a two-hundred day moving average of $185.08.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The business’s revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 earnings per share. On average, research analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Electronic Arts’s payout ratio is 22.22%.

Analyst Upgrades and Downgrades

EA has been the topic of a number of research reports. Hsbc Global Res downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wedbush reissued a “neutral” rating and issued a $200.00 price objective on shares of Electronic Arts in a research report on Monday, September 29th. Robert W. Baird reaffirmed a “neutral” rating and issued a $210.00 target price (up previously from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Jefferies Financial Group lowered Electronic Arts from a “buy” rating to a “hold” rating and increased their target price for the company from $200.00 to $210.00 in a research note on Tuesday, September 30th. Finally, Oppenheimer lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 30th. Four research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $181.21.

Institutional Trading of Electronic Arts

A number of hedge funds and other institutional investors have recently modified their holdings of EA. Three Seasons Wealth LLC acquired a new stake in Electronic Arts during the 4th quarter valued at approximately $433,000. Nisa Investment Advisors LLC boosted its stake in shares of Electronic Arts by 9.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 110,851 shares of the game software company’s stock valued at $22,650,000 after buying an additional 9,297 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Electronic Arts by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,318 shares of the game software company’s stock valued at $2,314,000 after buying an additional 794 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its position in shares of Electronic Arts by 2.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 95,385 shares of the game software company’s stock worth $19,490,000 after buying an additional 2,485 shares in the last quarter. Finally, CIBRA Capital Ltd bought a new stake in shares of Electronic Arts in the fourth quarter worth $5,009,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.