Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CEO 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 Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the sale, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, December 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $148.00, for a total value of $740,000.00.
• On Wednesday, November 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was 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 transaction of $364,675.00.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $118.58 on Friday. The firm has a market cap of $31.10 billion, a PE ratio of 30.48, a P/E/G ratio of 1.88 and a beta of 0.80. Electronic Arts Inc. has a twelve month low of $115.45 and a twelve month high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $153.33 and a 200 day moving average price of $148.99.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.64%. Electronic Arts’s dividend payout ratio is currently 19.54%.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the third quarter worth about $25,000. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Electronic Arts during the third quarter worth $36,000. Bruce G. Allen Investments LLC grew its holdings in 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 buying an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Electronic Arts by 31.8% in the 3rd 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. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EA shares. Robert W. Baird decreased their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday. Argus raised their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus dropped their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday. Bank of America cut Electronic Arts from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $170.00 to $130.00 in a research note on Thursday. Finally, StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given 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 an average price target of $159.79.

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.