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

Electronic Arts Inc. (NASDAQ:EA) 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 completion of the sale, the chief executive officer owned 39,951 shares of the company’s stock, valued at $8,034,545.61. This trade represents a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Stock Performance

Shares of EA stock opened at $201.87 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The stock has a market capitalization of $50.62 billion, a PE ratio of 57.84, a P/E/G ratio of 2.22 and a beta of 0.66. The firm has a 50 day moving average of $201.93 and a two-hundred day moving average of $202.24.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EA shares. Citigroup raised their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $196.64.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors have recently modified their holdings of the company. Groupe la Francaise lifted its position in shares of Electronic Arts by 80.5% during the 1st quarter. Groupe la Francaise now owns 65,396 shares of the game software company’s stock worth $13,332,000 after purchasing an additional 29,156 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the 1st quarter worth $2,042,000. Kentucky Retirement Systems lifted its position in shares of Electronic Arts by 61.7% during the 1st quarter. Kentucky Retirement Systems now owns 25,522 shares of the game software company’s stock worth $5,203,000 after purchasing an additional 9,734 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Electronic Arts during the 1st quarter worth $34,148,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Electronic Arts by 9.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the game software company’s stock worth $440,000 after purchasing an additional 186 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

About Electronic Arts

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.