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

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $200.55, for a total transaction of $1,002,750.00. Following the completion of the sale, the chief executive officer directly owned 42,393 shares in the company, valued at $8,501,916.15. This trade represents a 10.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, September 22nd, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $172.79, for a total transaction of $863,950.00.
• On Wednesday, August 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $171.05, for a total value of $855,250.00.

Electronic Arts Price Performance

EA stock opened at $200.55 on Wednesday. The stock’s 50 day moving average price is $181.84 and its 200 day moving average price is $161.37. The firm has a market cap of $50.18 billion, a P/E ratio of 50.26, a PEG ratio of 3.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s dividend payout ratio is currently 19.05%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. BMO Capital Markets lifted their price objective on Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 30th. Citigroup reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Friday, September 26th. DA Davidson boosted their price objective on shares of Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. Wedbush reissued a “neutral” rating and set a $200.00 price objective on shares of Electronic Arts in a research note on Monday, September 29th. Finally, Bank of America raised their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Electronic Arts presently has an average rating of “Hold” and an average target price of $179.38.

Institutional Investors Weigh In On Electronic Arts

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Electronic Arts by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock valued at $4,198,607,000 after buying an additional 150,438 shares during the period. State Street Corp grew its position in Electronic Arts by 5.8% during the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after acquiring an additional 932,024 shares during the period. Ninety One UK Ltd grew its position in Electronic Arts by 4.6% during the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock valued at $695,645,000 after acquiring an additional 193,442 shares during the period. Ameriprise Financial Inc. increased its stake in Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after acquiring an additional 1,300,336 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Electronic Arts by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock worth $656,735,000 after purchasing an additional 378,824 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

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.