Electronic Arts Inc. (NASDAQ:EA) CEO Sells $726,850.00 in Stock

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 Tuesday, April 22nd. The shares were sold at an average price of $145.37, for a total value of $726,850.00. Following the sale, the chief executive officer now directly owns 27,615 shares in the company, valued at approximately $4,014,392.55. This trade represents a 15.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, March 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00.
• On Thursday, February 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00.

Electronic Arts Stock Performance

Shares of EA stock traded up $0.41 during trading hours on Friday, reaching $146.60. 1,836,648 shares of the company's stock were exchanged, compared to its average volume of 2,650,466. The business has a fifty day moving average price of $139.36 and a 200-day moving average price of $144.48. The stock has a market capitalization of $38.21 billion, a P/E ratio of 37.30, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts's payout ratio is presently 19.34%.

Analyst Ratings Changes

EA has been the topic of several recent analyst reports. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a report on Friday, January 31st. Roth Mkm cut their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Electronic Arts from $125.00 to $135.00 and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. Robert W. Baird reduced their target price on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. Finally, BMO Capital Markets dropped their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $154.22.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently made changes to their positions in EA. Assenagon Asset Management S.A. lifted its position in shares of Electronic Arts by 689.3% during the first quarter. Assenagon Asset Management S.A. now owns 1,238,496 shares of the game software company's stock worth $178,987,000 after purchasing an additional 1,081,589 shares in the last quarter. Los Angeles Capital Management LLC increased its position in Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after purchasing an additional 989,319 shares during the period. FMR LLC lifted its position in Electronic Arts by 224.8% during the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock valued at $176,709,000 after purchasing an additional 835,985 shares during the period. Royal Bank of Canada raised its stake in shares of Electronic Arts by 130.0% during the fourth quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company's stock worth $175,758,000 after buying an additional 679,032 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Electronic Arts by 11,587.9% in the first quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock valued at $96,737,000 after acquiring an additional 663,640 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

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.