Andrew Wilson Sells 2,240 Shares of Electronic Arts (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EAGet Free Report) CEO Andrew Wilson sold 2,240 shares of Electronic Arts stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $201.11, for a total transaction of $450,486.40. Following the sale, the chief executive officer owned 39,951 shares of the company’s stock, valued at approximately $8,034,545.61. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Friday, May 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $200.54, for a total transaction of $1,002,700.00.
  • On Wednesday, April 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $203.21, for a total transaction of $1,016,050.00.
  • On Monday, March 16th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $199.95, for a total transaction of $999,750.00.

Electronic Arts Price Performance

Electronic Arts stock traded down $0.11 during mid-day trading on Wednesday, hitting $201.59. 1,488,834 shares of the company traded hands, compared to its average volume of 1,789,385. Electronic Arts Inc. has a one year low of $141.19 and a one year high of $204.88. The stock has a market cap of $50.55 billion, a price-to-earnings ratio of 57.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average price of $201.89 and a 200-day moving average price of $202.23.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s payout ratio is presently 21.78%.

Institutional Investors Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EA. Ascentis Independent Advisors bought a new stake in Electronic Arts during the 1st quarter valued at $27,000. Ameriflex Group Inc. raised its holdings in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after buying an additional 69 shares during the last quarter. MV Capital Management Inc. bought a new stake in Electronic Arts during the 4th quarter valued at $28,000. Oakworth Capital Inc. bought a new stake in Electronic Arts during the 3rd quarter valued at $30,000. Finally, Asset Planning Inc bought a new stake in Electronic Arts during the 1st quarter valued at $32,000. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average price target of $196.64.

View Our Latest Research Report on Electronic Arts

Electronic Arts Company Profile

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.