Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CEO Sells 5,000 Shares of 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 Monday, July 21st. The shares were sold at an average price of $152.21, for a total value of $761,050.00. Following the sale, the chief executive officer owned 57,393 shares in the company, valued at $8,735,788.53. This represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, June 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $150.64, for a total value of $753,200.00.
• 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 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 stock was sold at an average price of $145.37, for a total value of $726,850.00.

Electronic Arts Trading Down 1.6%

Shares of EA stock traded down $2.46 on Wednesday, reaching $154.56. 1,270,778 shares of the company's stock were exchanged, compared to its average volume of 2,806,042. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $38.84 billion, a PE ratio of 36.46, a P/E/G ratio of 2.08 and a beta of 0.73. The company's fifty day simple moving average is $150.60 and its 200 day simple moving average is $142.55.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts's dividend payout ratio is currently 17.92%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EA shares. Morgan Stanley boosted their price target on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Oppenheimer boosted their price target on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. TD Cowen boosted their price target on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Finally, HSBC upgraded Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research note on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $162.71.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Putney Financial Group LLC purchased a new position in Electronic Arts during the 4th quarter worth $26,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts during the 1st quarter worth $28,000. Bank of Jackson Hole Trust increased 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 valued at $30,000 after acquiring an additional 75 shares during the period. LGT Financial Advisors LLC bought a new position in shares of Electronic Arts in the 4th quarter worth $33,000. Finally, Millstone Evans Group LLC bought a new position in shares of Electronic Arts in the 4th quarter worth $37,000. 90.23% of the stock is currently owned by hedge funds and other 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.