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 firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the sale, the chief executive officer now owns 32,615 shares in the company, valued at $4,647,637.50. This represents a 13.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, February 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00.
• On Tuesday, January 21st, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00.

Electronic Arts Trading Up 0.7 %

Shares of NASDAQ EA opened at $144.30 on Friday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a market cap of $37.61 billion, a PE ratio of 36.72, a P/E/G ratio of 3.58 and a beta of 0.78. 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 company has a 50-day moving average of $132.76 and a two-hundred day moving average of $144.64.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently modified their holdings of the business. DSG Capital Advisors LLC bought a new stake in shares of Electronic Arts during the fourth quarter worth approximately $677,000. California State Teachers Retirement System raised its stake in shares of Electronic Arts by 2.8% during the fourth quarter. California State Teachers Retirement System now owns 434,672 shares of the game software company’s stock worth $63,593,000 after buying an additional 11,949 shares during the last quarter. 111 Capital bought a new stake in Electronic Arts in the fourth quarter valued at approximately $624,000. NorthCrest Asset Manangement LLC increased its stake in Electronic Arts by 1.1% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 33,521 shares of the game software company’s stock valued at $4,904,000 after purchasing an additional 378 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co bought a new stake in Electronic Arts in the fourth quarter valued at approximately $1,463,000. 90.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EA. Robert W. Baird decreased their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Monday, January 27th. Roth Mkm decreased their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Ascendiant Capital Markets lifted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $154.78.

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.