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

Key Points

• CEO Andrew Wilson of Electronic Arts sold 5,000 shares at an average price of $200.55, totaling $1,002,750, and now holds 42,393 shares worth approximately $8.5 million.
• Electronic Arts has announced a quarterly dividend of $0.19 per share, yielding 0.4%, with a payout ratio of 19.05%.
• The company has a market cap of $50.18 billion and is currently rated as a "Hold" by analysts with an average price target of $179.38.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $200.55, for a total value of $1,002,750.00. Following the completion of the sale, the chief executive officer owned 42,393 shares of the company's stock, valued at approximately $8,501,916.15. The trade was a 10.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 22nd, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $172.79, for a total transaction of $863,950.00.
• On Wednesday, August 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00.

Electronic Arts Price Performance

Shares of EA traded down $0.04 during mid-day trading on Tuesday, reaching $200.55. The stock had a trading volume of 2,619,958 shares, compared to its average volume of 5,252,700. The business has a fifty day moving average of $181.84 and a 200 day moving average of $161.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $50.18 billion, a price-to-earnings ratio of 50.26, a PEG ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $203.75.

Electronic Arts Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on EA. Bank of America increased their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Roth Capital cut shares of Electronic Arts from a "buy" rating to a "neutral" rating and raised their target price for the company from $185.00 to $210.00 in a research note on Thursday, October 2nd. Wedbush reiterated a "neutral" rating and issued a $200.00 price target on shares of Electronic Arts in a research note on Monday, September 29th. Wells Fargo & Company set a $168.00 price objective on Electronic Arts and gave the company an "equal weight" rating in a research report on Monday, July 28th. Finally, Jefferies Financial Group downgraded Electronic Arts from a "buy" rating to a "hold" rating and boosted their target price for the stock from $200.00 to $210.00 in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of "Hold" and an average price target of $179.38.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC raised its holdings in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company's stock valued at $26,000 after buying an additional 68 shares during the period. Moody National Bank Trust Division raised its stake in shares of Electronic Arts by 1.4% in the third quarter. Moody National Bank Trust Division now owns 5,125 shares of the game software company's stock valued at $1,034,000 after acquiring an additional 71 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Electronic Arts by 3.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company's stock valued at $323,000 after acquiring an additional 72 shares during the period. Bank of Jackson Hole Trust lifted its holdings in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after acquiring an additional 75 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in shares of Electronic Arts by 13.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company's stock worth $102,000 after purchasing an additional 76 shares during the period. 90.23% of the stock is owned by 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.

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