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 company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.54, for a total value of $1,002,700.00. Following the completion of the sale, the chief executive officer owned 18,858 shares in the company, valued at $3,781,783.32. This trade represents a 20.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value 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 value of $999,750.00.
• On Tuesday, February 17th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $199.50, for a total value of $997,500.00.

Electronic Arts Trading Up 0.3%

NASDAQ EA opened at $201.70 on Wednesday. The business’s 50-day moving average price is $201.84 and its two-hundred day moving average price is $202.22. Electronic Arts Inc. has a 12 month low of $141.19 and a 12 month high of $204.88. The firm has a market capitalization of $50.58 billion, a PE ratio of 57.79, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EA. Brighton Jones LLC boosted its holdings in Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after acquiring an additional 294 shares in the last quarter. Empowered Funds LLC boosted its holdings in Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after acquiring an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares in the last quarter. Jump Financial LLC bought a new position in Electronic Arts in the second quarter worth approximately $2,323,000. Finally, NewEdge Advisors LLC boosted its holdings in Electronic Arts by 96.4% in the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after acquiring an additional 1,505 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

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.