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 Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares in the company, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, October 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $145.87, for a total value of $364,675.00.
• On Wednesday, September 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $141.50, for a total value of $353,750.00.
• On Monday, August 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00.

Electronic Arts Stock Performance

EA traded up $1.37 during midday trading on Thursday, hitting $168.08. 757,893 shares of the company traded hands, compared to its average volume of 2,051,613. 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 company’s 50-day moving average is $148.47 and its 200 day moving average is $143.32. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.07. The firm has a market capitalization of $44.08 billion, a PE ratio of 42.86, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.45%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Analysts Set New Price Targets

Several analysts have weighed in on EA shares. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Argus raised their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Benchmark reiterated a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, Robert W. Baird boosted their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Hedge Funds Weigh In On Electronic Arts

Institutional investors and hedge funds have recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts during the third quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts in the 2nd quarter worth $28,000. Family Firm Inc. bought a new position in Electronic Arts in the 2nd quarter worth $33,000. New Covenant Trust Company N.A. purchased a new position in Electronic Arts during the first quarter valued at $35,000. Finally, Reston Wealth Management LLC bought a new stake in Electronic Arts during the third quarter valued at about $36,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

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.