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 Electronic Arts stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares in the company, valued at $4,895,216.10. The trade was a 11.73 % 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 Tuesday, January 21st, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $142.68, for a total value of $713,400.00.
• On Friday, December 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $148.00, for a total value of $740,000.00.

Electronic Arts Price Performance

Shares of NASDAQ EA traded up $0.94 during midday trading on Friday, hitting $130.93. 4,866,189 shares of the company’s stock were exchanged, compared to its average volume of 4,233,704. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $34.12 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.54 and a beta of 0.79. The business’s fifty day moving average price is $137.09 and its two-hundred day moving average price is $146.24.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts forecast that Electronic Arts Inc. will post 4.75 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC lifted its position in Electronic Arts by 353.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock worth $185,692,000 after buying an additional 989,319 shares during the last quarter. FMR LLC lifted its position in Electronic Arts by 224.8% in the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company’s stock worth $176,709,000 after buying an additional 835,985 shares during the last quarter. Royal Bank of Canada lifted its position in Electronic Arts by 130.0% in the 4th quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company’s stock worth $175,758,000 after buying an additional 679,032 shares during the last quarter. Norges Bank bought a new stake in Electronic Arts in the 4th quarter worth approximately $96,698,000. Finally, Capital International Investors lifted its position in Electronic Arts by 5.2% in the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock valued at $1,778,553,000 after purchasing an additional 605,796 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

EA has been the subject of several recent research reports. Bank of America lifted their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Roth Mkm decreased their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. DA Davidson initiated coverage on Electronic Arts in a report on Wednesday. They issued a “neutral” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Friday, January 31st. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.55.

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.