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

Key Points

• CEO Andrew Wilson sold 5,000 shares of Electronic Arts (NASDAQ:EA) stock at an average price of $172.79, totaling about $863,950, reducing his ownership by 9.54% to 47,393 shares.
• The company recently announced a quarterly dividend of $0.19 per share, resulting in an annualized dividend of $0.76, with a yield of 0.4%.
• Electronic Arts has a market capitalization of $43.39 billion, a P/E ratio of 43.46, and is considered a Moderate Buy by analysts with an average price target of $167.40.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $172.79, for a total value of $863,950.00. Following the transaction, the chief executive officer directly owned 47,393 shares in the company, valued at approximately $8,189,036.47. The trade was a 9.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, August 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $171.05, for a total transaction of $855,250.00.
• On Monday, July 21st, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $152.21, for a total value of $761,050.00.

Electronic Arts Stock Performance

NASDAQ EA traded up $0.33 during trading hours on Monday, reaching $173.42. 2,838,434 shares of the company were exchanged, compared to its average volume of 2,549,019. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The business's 50 day simple moving average is $165.57 and its 200-day simple moving average is $153.62. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $180.90. The stock has a market capitalization of $43.39 billion, a P/E ratio of 43.46, a P/E/G ratio of 2.63 and a beta of 0.75.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts's payout ratio is presently 19.05%.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Electronic Arts by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock valued at $4,198,607,000 after buying an additional 150,438 shares during the period. State Street Corp raised its position in Electronic Arts by 5.8% in the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company's stock valued at $2,726,552,000 after purchasing an additional 932,024 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Electronic Arts by 4.6% during the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company's stock worth $695,645,000 after purchasing an additional 193,442 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Electronic Arts by 44.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company's stock valued at $673,393,000 after purchasing an additional 1,300,336 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Electronic Arts by 10.1% during the second quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company's stock worth $656,735,000 after buying an additional 378,824 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EA shares. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and raised their price target for the company from $175.00 to $185.00 in a report on Tuesday, June 24th. Bank of America boosted their price objective on Electronic Arts from $166.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. UBS Group set a $167.00 price target on shares of Electronic Arts and gave the company a "neutral" rating in a report on Friday, August 1st. Wells Fargo & Company set a $168.00 price target on shares of Electronic Arts and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Wall Street Zen downgraded shares of Electronic Arts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of "Moderate Buy" and an average target price of $167.40.

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.

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