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 company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the sale, the chief executive officer now owns 47,615 shares in the company, valued at approximately $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 value of $832,350.00.
• 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.

Electronic Arts Stock Down 0.1 %

NASDAQ:EA opened at $147.80 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50. The stock’s fifty day simple moving average is $156.76 and its 200-day simple moving average is $147.94. The firm has a market capitalization of $38.76 billion, a P/E ratio of 37.99, a P/E/G ratio of 2.14 and a beta of 0.79.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. Electronic Arts’s payout ratio is currently 19.54%.

Analysts Set New Price Targets

A number of equities analysts have commented on EA shares. Stifel Nicolaus restated a “hold” rating and issued a $167.00 price target on shares of Electronic Arts in a research report on Wednesday. Benchmark reissued a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.37.

Institutional Trading of Electronic Arts

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Electronic Arts in the 3rd quarter valued at $25,000. Family Firm Inc. bought a new stake in shares of Electronic Arts in the second quarter worth about $33,000. Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts during the third quarter worth about $36,000. Bruce G. Allen Investments LLC grew its position in shares of Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares during the period. Finally, Larson Financial Group LLC increased its stake in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

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.