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

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $150.64, for a total transaction of $753,200.00. Following the completion of the transaction, the chief executive officer now owns 62,393 shares of the company's stock, valued at approximately $9,398,881.52. This represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, May 21st, Andrew Wilson sold 2,666 shares of Electronic Arts stock. The shares were sold at an average price of $150.93, for a total value of $402,379.38.
• On Tuesday, May 20th, Andrew Wilson sold 6,563 shares of Electronic Arts stock. The stock was sold at an average price of $151.18, for a total value of $992,194.34.
• On Tuesday, April 22nd, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $145.37, for a total value of $726,850.00.

Electronic Arts Trading Down 0.1%

EA traded down $0.09 during trading hours on Thursday, reaching $157.73. The company's stock had a trading volume of 1,455,420 shares, compared to its average volume of 2,793,394. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The business's 50-day moving average is $148.92 and its 200-day moving average is $142.60. The stock has a market cap of $39.63 billion, a PE ratio of 37.20, a P/E/G ratio of 2.14 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.48%. Electronic Arts's payout ratio is currently 17.92%.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently made changes to their positions in EA. Putney Financial Group LLC purchased a new stake in Electronic Arts during the 4th quarter worth approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts during the 1st quarter worth about $28,000. Bank of Jackson Hole Trust raised its position in 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 valued at $30,000 after purchasing an additional 75 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts during the fourth quarter worth about $32,000. Finally, LGT Financial Advisors LLC purchased a new stake in shares of Electronic Arts during the fourth quarter worth approximately $33,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EA. Oppenheimer lifted their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Morgan Stanley increased their price objective on shares of Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Argus set a $170.00 target price on shares of Electronic Arts in a research note on Friday, May 16th. Citigroup reaffirmed a "neutral" rating and issued a $153.00 price target (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. lifted their price target on Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Electronic Arts has a consensus rating of "Moderate Buy" and a consensus price target of $162.80.

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.