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

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the sale, the chief executive officer now directly owns 42,615 shares in the company, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $148.00, for a total value of $740,000.00.
• On Wednesday, November 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $166.47, for a total value of $832,350.00.
• On Friday, October 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $145.87, for a total transaction of $364,675.00.

Electronic Arts Stock Down 1.7 %

EA stock opened at $116.56 on Friday. The company has a 50 day moving average of $152.43 and a two-hundred day moving average of $148.83. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a market cap of $30.57 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.87 and a beta of 0.80.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.65%. Electronic Arts’s payout ratio is 19.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EA. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at about $25,000. Pinnacle Bancorp Inc. raised its position in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Electronic Arts in the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC grew its position in Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after acquiring an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EA. Roth Mkm lowered their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Argus increased their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Oppenheimer decreased their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and an average price target of $159.79.

About Electronic Arts

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.