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

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. This represents a 8.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, October 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $145.87, for a total value of $364,675.00.
• On Wednesday, September 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00.
• On Monday, August 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $148.88, for a total value of $372,200.00.

Electronic Arts Price Performance

EA traded down $2.35 during trading on Friday, hitting $165.62. The company’s stock had a trading volume of 370,709 shares, compared to its average volume of 2,044,210. The firm’s 50 day moving average price is $148.94 and its two-hundred day moving average price is $143.49. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $43.44 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.46.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EA. UBS Group increased their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. TD Cowen upped their price target on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, Wedbush reiterated an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.37.

Institutional Investors Weigh In On Electronic Arts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EA. Huntington National Bank grew its stake in shares of Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Electronic Arts by 34.9% during the 2nd quarter. Park Avenue Securities LLC now owns 14,227 shares of the game software company’s stock worth $1,982,000 after buying an additional 3,681 shares in the last quarter. Greenwood Capital Associates LLC bought a new position in Electronic Arts in the 3rd quarter valued at $5,597,000. Chesapeake Capital Corp IL bought a new stake in shares of Electronic Arts during the third quarter worth $950,000. Finally, Bessemer Group Inc. boosted its holdings in Electronic Arts by 97.5% in the first quarter. Bessemer Group Inc. now owns 19,751 shares of the game software company’s stock valued at $2,620,000 after acquiring an additional 9,753 shares during the last quarter. Institutional investors and hedge funds 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.