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

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $1,020,550.00. Following the completion of the sale, the chief executive officer directly owned 43,858 shares in the company, valued at approximately $8,951,856.38. This represents a 10.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, November 17th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $201.05, for a total value 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 value of $1,002,750.00.
• 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 value of $863,950.00.

Electronic Arts Stock Performance

NASDAQ EA opened at $204.20 on Wednesday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $204.64. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $201.48 and a 200-day moving average of $177.29. The company has a market cap of $51.07 billion, a PE ratio of 59.71, a PEG ratio of 2.45 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (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 the consensus estimate 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 period last year, the company posted $1.11 earnings per share. On average, equities research analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio (DPR) is 22.22%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its stake in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares in the last quarter. Ameriflex Group Inc. raised its stake in Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares in the last quarter. MTM Investment Management LLC bought a new stake in Electronic Arts in the 2nd quarter valued at about $30,000. Oakworth Capital Inc. acquired a new position in shares of Electronic Arts during the 3rd quarter worth approximately $30,000. Finally, Frazier Financial Advisors LLC increased its holdings in shares of Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after purchasing an additional 148 shares during the period. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EA shares. Baird R W downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. TD Cowen lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. Morgan Stanley raised their price target on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Citigroup lifted their price objective on shares of Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $210.00 price objective (up from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Four analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $181.21.

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.