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 business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. This represents a 10.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $148.00, for a total transaction 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 transaction 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 value of $364,675.00.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $118.58 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average price is $153.33 and its 200-day moving average price is $148.99. The firm has a market cap of $31.10 billion, a P/E ratio of 30.48, a P/E/G ratio of 1.88 and a beta of 0.80. Electronic Arts Inc. has a 12 month low of $115.45 and a 12 month high of $168.50.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.64%. Electronic Arts’s dividend payout ratio is currently 19.54%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EA. Wedbush reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday. Argus raised their price target on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and an average target price of $159.79.

Institutional Investors Weigh In On Electronic Arts

Hedge funds have recently modified their holdings of the business. Frank Rimerman Advisors LLC increased its holdings in shares of Electronic Arts by 8,641.4% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,535 shares of the game software company’s stock valued at $353,000 after acquiring an additional 2,506 shares during the period. EverSource Wealth Advisors LLC boosted its position in Electronic Arts by 28.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the game software company’s stock valued at $209,000 after purchasing an additional 306 shares in the last quarter. Public Sector Pension Investment Board grew its stake in Electronic Arts by 97.6% in the second quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock valued at $1,110,000 after purchasing an additional 3,936 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Electronic Arts by 0.7% in the second quarter. Evergreen Capital Management LLC now owns 22,946 shares of the game software company’s stock worth $3,197,000 after purchasing an additional 159 shares in the last quarter. Finally, Providence Capital Advisors LLC raised its holdings in Electronic Arts by 0.5% in the second quarter. Providence Capital Advisors LLC now owns 43,315 shares of the game software company’s stock worth $6,035,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.