Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CEO Sells 2,500 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the transaction, the chief executive officer now directly owns 56,747 shares in the company, valued at approximately $8,448,493.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, July 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $142.42, for a total transaction of $356,050.00.
• On Tuesday, June 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $151.82 on Friday. The stock has a market capitalization of $40.34 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79. The business’s fifty day moving average price is $144.97 and its two-hundred day moving average price is $137.38. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $153.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.37.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Wall Street Analysts Forecast Growth

EA has been the subject of several research analyst reports. StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Benchmark raised their price objective on shares of Electronic Arts from $153.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. TD Cowen upped their target price on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America raised their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $161.28.

Hedge Funds Weigh In On Electronic Arts

Institutional investors have recently added to or reduced their stakes in the company. Ariadne Wealth Management LP acquired a new stake in shares of Electronic Arts during the second quarter worth approximately $506,000. Advisory Alpha LLC grew its position in Electronic Arts by 41.6% during the 2nd quarter. Advisory Alpha LLC now owns 3,169 shares of the game software company’s stock worth $442,000 after acquiring an additional 931 shares during the last quarter. Old North State Trust LLC grew its position in Electronic Arts by 11.2% during the 2nd quarter. Old North State Trust LLC now owns 1,679 shares of the game software company’s stock worth $234,000 after acquiring an additional 169 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Electronic Arts by 6.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,111 shares of the game software company’s stock valued at $712,000 after purchasing an additional 332 shares in the last quarter. Finally, Creative Planning raised its position in Electronic Arts by 14.5% in the 2nd quarter. Creative Planning now owns 25,325 shares of the game software company’s stock valued at $3,528,000 after purchasing an additional 3,213 shares during 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.