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 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 transaction of $761,050.00. Following the completion of the transaction, the chief executive officer directly owned 57,393 shares in the company, valued at approximately $8,735,788.53. The trade was a 8.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 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 Stock Performance

Shares of NASDAQ EA traded up $3.63 during mid-day trading on Tuesday, reaching $157.02. 3,204,344 shares of the company's stock were exchanged, compared to its average volume of 2,812,243. The firm has a market capitalization of $39.45 billion, a price-to-earnings ratio of 37.03, a price-to-earnings-growth ratio of 2.04 and a beta of 0.73. 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. The firm has a 50-day moving average price of $150.60 and a two-hundred day moving average price of $142.55.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.48%. The ex-dividend date was Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is currently 17.92%.

Wall Street Analyst Weigh In

Several research firms have commented on EA. The Goldman Sachs Group upped their price objective on shares of Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Wedbush reissued an "outperform" rating and issued a $210.00 target price on shares of Electronic Arts in a research report on Tuesday. UBS Group boosted their target price on shares of Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Roth Capital raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and boosted their target price for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. Fourteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $162.71.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its holdings in shares of Electronic Arts by 197.5% during the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock worth $421,524,000 after purchasing an additional 1,936,313 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Electronic Arts during the first quarter worth about $225,102,000. Nuveen LLC purchased a new position in shares of Electronic Arts during the first quarter worth about $203,537,000. Goldman Sachs Group Inc. grew its holdings in shares of Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock worth $470,197,000 after purchasing an additional 1,254,194 shares in the last quarter. Finally, ING Groep NV lifted its position in Electronic Arts by 3,477.8% in the 1st quarter. ING Groep NV now owns 1,163,747 shares of the game software company's stock worth $168,185,000 after buying an additional 1,131,220 shares during the last quarter. Hedge funds and other 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.