Electronic Arts Inc. (NASDAQ:EA) CEO Sells $761,050.00 in 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 Monday, July 21st. The shares were sold at an average price of $152.21, for a total transaction of $761,050.00. Following the sale, the chief executive officer owned 57,393 shares in the company, valued at approximately $8,735,788.53. This trade represents a 8.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

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

Electronic Arts Price Performance

EA stock traded down $1.09 during midday trading on Thursday, hitting $152.64. The company's stock had a trading volume of 2,482,468 shares, compared to its average volume of 2,227,106. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $38.35 billion, a price-to-earnings ratio of 36.00, a price-to-earnings-growth ratio of 2.08 and a beta of 0.73. The company has a 50 day moving average of $151.03 and a two-hundred day moving average of $142.83.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. Electronic Arts's dividend payout ratio is currently 17.92%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Oppenheimer boosted their target price on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Morgan Stanley boosted their target price on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. UBS Group boosted their target price on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Argus set a $170.00 target price on Electronic Arts in a research report on Friday, May 16th. Finally, HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Wednesday, May 7th. Fourteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Electronic Arts presently has an average rating of "Moderate Buy" and a consensus target price of $162.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its position in Electronic Arts by 3.7% during 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 in the last quarter. Financial Management Professionals Inc. raised its position in Electronic Arts by 15.0% during the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock valued at $81,000 after acquiring an additional 73 shares in the last quarter. Bank of Jackson Hole Trust raised its position in Electronic Arts by 56.4% during the first 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 in the last quarter. Whipplewood Advisors LLC raised its position in Electronic Arts by 34.2% during the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock valued at $43,000 after acquiring an additional 76 shares in the last quarter. Finally, Clarius Group LLC raised its position in Electronic Arts by 3.6% during the first quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock valued at $319,000 after acquiring an additional 77 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

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.