Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson Sells 5,000 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, 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 document filed with the SEC, which is available 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 transaction 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 Stock Down 0.6 %

Shares of NASDAQ:EA opened at $142.35 on Thursday. The firm has a market capitalization of $37.33 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.86 and a beta of 0.80. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm’s 50-day moving average is $154.24 and its two-hundred day moving average is $149.20.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s payout ratio is currently 19.54%.

Hedge Funds Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC raised its holdings in Electronic Arts by 8,641.4% in the second quarter. Frank Rimerman Advisors LLC now owns 2,535 shares of the game software company’s stock valued at $353,000 after acquiring an additional 2,506 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Electronic Arts by 28.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the game software company’s stock valued at $209,000 after purchasing an additional 306 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Electronic Arts by 97.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock worth $1,110,000 after purchasing an additional 3,936 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Electronic Arts by 0.7% during the second quarter. Evergreen Capital Management LLC now owns 22,946 shares of the game software company’s stock worth $3,197,000 after purchasing an additional 159 shares in the last quarter. Finally, Providence Capital Advisors LLC increased its holdings in Electronic Arts by 0.5% in the second quarter. Providence Capital Advisors LLC now owns 43,315 shares of the game software company’s stock valued at $6,035,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EA. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Roth Mkm lifted their target price on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. UBS Group increased their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and boosted their price target for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.68.

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.