Electronic Arts Inc. (NASDAQ:EA - Get Free Report) CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 62,393 shares of the company's stock, valued at $9,398,881.52. This trade represents a 7.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Andrew Wilson also recently made the following trade(s):
- On Wednesday, May 21st, Andrew Wilson sold 2,666 shares of Electronic Arts stock. The stock was 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 shares were 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 stock was sold at an average price of $145.37, for a total value of $726,850.00.
Electronic Arts Price Performance
Shares of NASDAQ:EA traded up $3.85 during trading on Monday, hitting $154.41. 2,749,146 shares of the company's stock were exchanged, compared to its average volume of 2,784,435. The business's 50-day simple moving average is $148.19 and its 200 day simple moving average is $142.48. The company has a market cap of $38.72 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 2.07 and a beta of 0.71. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is presently 17.92%.
Institutional Investors Weigh In On Electronic Arts
Large investors have recently made changes to their positions in the company. Putney Financial Group LLC bought a new stake in Electronic Arts in the fourth quarter worth $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the 1st quarter worth $28,000. Bank of Jackson Hole Trust grew its stake 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 buying an additional 75 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth about $32,000. Finally, LGT Financial Advisors LLC purchased a new stake in shares of Electronic Arts during the 4th quarter valued at about $33,000. 90.23% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Argus set a $170.00 price target on shares of Electronic Arts in a research note on Friday, May 16th. Wedbush lifted their target price on shares of Electronic Arts from $179.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Ascendiant Capital Markets boosted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Moffett Nathanson restated a "neutral" rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, May 7th. Finally, TD Cowen lifted their price objective on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $161.88.
Read Our Latest Stock Report on EA
About Electronic Arts
(
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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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