Insider Selling: Electronic Arts (NASDAQ:EA) CEO Sells $450,486.40 in Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,240 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $201.11, for a total transaction of $450,486.40. Following the completion of the transaction, the chief executive officer directly owned 39,951 shares in the company, valued at $8,034,545.61. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, May 21st, Andrew Wilson sold 5,066 shares of Electronic Arts stock. The shares were sold at an average price of $201.66, for a total transaction of $1,021,609.56.
• On Friday, May 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $200.54, for a total transaction of $1,002,700.00.
• On Wednesday, April 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $203.21, for a total transaction of $1,016,050.00.
• On Monday, March 16th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $199.95, for a total transaction of $999,750.00.

Electronic Arts Price Performance

NASDAQ EA opened at $200.97 on Friday. The company has a market cap of $50.39 billion, a PE ratio of 57.58, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $201.95 and its two-hundred day simple moving average is $202.23.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 21.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EA shares. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Citigroup upped their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $196.64.

Institutional Investors Weigh In On Electronic Arts

Several hedge funds and other institutional investors have recently modified their holdings of EA. Brighton Jones LLC increased its position in shares of Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after buying an additional 294 shares during the period. Empowered Funds LLC increased its position in shares of Electronic Arts by 167.0% during the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after buying an additional 12,076 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after buying an additional 190 shares during the period. Jump Financial LLC bought a new position in shares of Electronic Arts in the second quarter worth approximately $2,323,000. Finally, NewEdge Advisors LLC increased its position in shares of Electronic Arts by 96.4% in the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after purchasing an additional 1,505 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.