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 Monday, July 21st. The stock was sold at an average price of $152.21, for a total value of $761,050.00. Following the completion of the transaction, the chief executive officer directly owned 57,393 shares of the company’s stock, valued at $8,735,788.53. The trade was a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, June 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $150.64, for a total value of $753,200.00.
• On Wednesday, May 21st, Andrew Wilson sold 2,666 shares of Electronic Arts stock. The shares were sold at an average price of $150.93, for a total value of $402,379.38.
• On Tuesday, May 20th, Andrew Wilson sold 6,563 shares of Electronic Arts stock. The stock was sold at an average price of $151.18, for a total value of $992,194.34.
• On Tuesday, April 22nd, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $145.37, for a total value of $726,850.00.

Electronic Arts Stock Performance

Shares of EA stock opened at $153.39 on Tuesday. The firm has a market cap of $38.54 billion, a P/E ratio of 36.18, a P/E/G ratio of 2.04 and a beta of 0.73. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50 day moving average price is $150.60 and its 200-day moving average price is $142.55.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, May 28th. Electronic Arts’s payout ratio is 17.92%.

Institutional Trading of Electronic Arts

Institutional investors have recently added to or reduced their stakes in the stock. Putney Financial Group LLC acquired a new position in shares of Electronic Arts in the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the first quarter worth $28,000. Bank of Jackson Hole Trust increased its position in shares of Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after acquiring an additional 75 shares in the last quarter. LGT Financial Advisors LLC acquired a new stake in shares of Electronic Arts in the fourth quarter worth $33,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group lifted their price objective on Electronic Arts from $152.00 to $167.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Wedbush raised Electronic Arts to a “strong-buy” rating in a research report on Tuesday, July 1st. The Goldman Sachs Group boosted their price target on Electronic Arts from $135.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Oppenheimer upped their price objective on Electronic Arts from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Finally, Argus set a $170.00 price objective on Electronic Arts in a research report on Friday, May 16th. Fourteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and a consensus price target of $162.71.

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.