Insider Selling: Electronic Arts (NASDAQ:EA) CEO Sells $1,020,550.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $1,020,550.00. Following the completion of the sale, the chief executive officer directly owned 43,858 shares of the company’s stock, valued at $8,951,856.38. This represents a 10.23% decrease in their position. The sale 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 Monday, November 17th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $201.05, for a total value of $1,005,250.00.
• On Monday, October 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $200.55, for a total value of $1,002,750.00.
• On Monday, September 22nd, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $172.79, for a total value of $863,950.00.

Electronic Arts Trading Up 0.1%

Shares of EA stock opened at $203.90 on Friday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $204.64. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $201.63 and its two-hundred day moving average is $177.66. The company has a market cap of $51.00 billion, a PE ratio of 59.62, a price-to-earnings-growth ratio of 2.44 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.Electronic Arts’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 earnings per share. Equities analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio is 22.22%.

Analysts Set New Price Targets

EA has been the topic of several research analyst reports. Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Hsbc Global Res lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Robert W. Baird reiterated a “neutral” rating and set a $210.00 price target (up from $170.00) on shares of Electronic Arts in a report on Monday, September 29th. Jefferies Financial Group cut Electronic Arts from a “buy” rating to a “hold” rating and increased their price objective for the company from $200.00 to $210.00 in a research report on Tuesday, September 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $200.00 target price on shares of Electronic Arts in a research report on Monday, September 29th. Four investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $181.21.

Institutional Trading of Electronic Arts

Several institutional investors have recently modified their holdings of the company. Ameriflex Group Inc. raised its stake in shares of Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after purchasing an additional 69 shares in the last quarter. Oakworth Capital Inc. bought a new stake in Electronic Arts in the 3rd quarter valued at $30,000. Salomon & Ludwin LLC raised its stake in shares of Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after buying an additional 68 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Electronic Arts by 131.9% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after acquiring an additional 95 shares during the period. Finally, MTM Investment Management LLC acquired a new stake in shares of Electronic Arts during the 2nd quarter valued at about $30,000. Institutional investors and hedge funds 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.