Electronic Arts (NASDAQ:EA) CEO Andrew Wilson Sells 5,066 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,066 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.66, for a total transaction of $1,021,609.56. Following the completion of the sale, the chief executive officer directly owned 85,974 shares in the company, valued at $17,337,516.84. This represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, May 18th, Andrew Wilson sold 2,240 shares of Electronic Arts stock. The shares were sold at an average price of $201.11, for a total transaction of $450,486.40.
• 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 stock was 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 stock was sold at an average price of $199.95, for a total transaction of $999,750.00.

Electronic Arts Trading Down 0.4%

EA opened at $200.97 on Friday. The stock has a market capitalization of $50.39 billion, a PE ratio of 57.58, a P/E/G ratio of 2.23 and a beta of 0.66. The firm’s fifty day moving average price is $201.95 and its 200 day moving average price is $202.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. Electronic Arts Inc. has a 12-month low of $141.19 and a 12-month high of $204.88.

Electronic Arts Announces Dividend

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

Institutional Trading of Electronic Arts

A number of hedge funds have recently made changes to their positions in EA. Ascentis Independent Advisors bought a new position in shares of Electronic Arts in the first quarter valued at approximately $27,000. Ameriflex Group Inc. raised its position 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 during the period. MV Capital Management Inc. bought a new position in shares of Electronic Arts in the fourth quarter valued at approximately $28,000. Oakworth Capital Inc. bought a new position in shares of Electronic Arts in the third quarter valued at approximately $30,000. Finally, Asset Planning Inc bought a new position in shares of Electronic Arts in the first quarter valued at approximately $32,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EA. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Citigroup upped their price target 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. Finally, UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Company Profile

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.