Electronic Arts Inc. (NASDAQ:EA) CEO Sells $712,500.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 value of $650,700.00.
• 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.

Electronic Arts Price Performance

Shares of NASDAQ EA traded up $1.05 during mid-day trading on Friday, reaching $144.30. The company had a trading volume of 9,254,820 shares, compared to its average volume of 2,407,038. The business’s 50-day simple moving average is $132.69 and its 200 day simple moving average is $144.70. The firm has a market cap of $37.61 billion, a price-to-earnings ratio of 36.72, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders 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 payout ratio is 19.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Bank of America increased their price target on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Ascendiant Capital Markets lifted their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Monday, January 27th. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Finally, Citigroup decreased their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $154.78.

Institutional Trading of Electronic Arts

A number of hedge funds have recently made changes to their positions in EA. Larson Financial Group LLC raised its position in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares during the last quarter. Claro Advisors LLC increased its holdings in Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after purchasing an additional 75 shares in the last quarter. Intrust Bank NA increased its holdings in Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after purchasing an additional 78 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after purchasing an additional 81 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after acquiring an additional 82 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

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.