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

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now directly owns 37,615 shares in the company, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, January 21st, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $142.68, for a total value of $713,400.00.
• On Friday, December 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $148.00, for a total value of $740,000.00.

Electronic Arts Trading Up 0.7 %

EA opened at $130.93 on Friday. The firm has a market cap of $34.12 billion, a P/E ratio of 33.32, a P/E/G ratio of 3.54 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $137.09 and a 200 day moving average of $146.24.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts forecast that Electronic Arts Inc. will post 4.75 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.58%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Analyst Upgrades and Downgrades

EA has been the topic of a number of recent research reports. Citigroup decreased their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Argus raised their price target on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Oppenheimer decreased their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Finally, Stifel Nicolaus decreased their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $154.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC lifted its stake in Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock worth $185,692,000 after purchasing an additional 989,319 shares during the last quarter. FMR LLC lifted its stake in Electronic Arts by 224.8% in the fourth quarter. FMR LLC now owns 1,207,854 shares of the game software company’s stock worth $176,709,000 after purchasing an additional 835,985 shares during the last quarter. Royal Bank of Canada lifted its stake in Electronic Arts by 130.0% in the fourth quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company’s stock worth $175,758,000 after purchasing an additional 679,032 shares during the last quarter. Norges Bank bought a new stake in Electronic Arts in the fourth quarter worth about $96,698,000. Finally, Capital International Investors lifted its stake in Electronic Arts by 5.2% in the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock worth $1,778,553,000 after purchasing an additional 605,796 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.