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

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares in the company, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The sale 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 Friday, October 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00.
• On Wednesday, September 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $141.50, for a total value of $353,750.00.
• On Monday, August 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00.

Electronic Arts Stock Performance

EA opened at $166.67 on Friday. The firm has a market cap of $43.71 billion, a P/E ratio of 42.85, a PEG ratio of 2.19 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The company has a 50 day simple moving average of $149.36 and a two-hundred day simple moving average of $143.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EA. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their price target for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. UBS Group raised their price target on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Bank of America upped their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus raised their price objective on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.37.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently made changes to their positions in EA. O Shaughnessy Asset Management LLC raised its stake in Electronic Arts by 8.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 12,212 shares of the game software company’s stock valued at $1,620,000 after purchasing an additional 917 shares during the period. Bessemer Group Inc. raised its position in shares of Electronic Arts by 97.5% during the first quarter. Bessemer Group Inc. now owns 19,751 shares of the game software company’s stock valued at $2,620,000 after buying an additional 9,753 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of Electronic Arts in the first quarter worth $261,000. Pitcairn Co. boosted its position in shares of Electronic Arts by 5.9% during the first quarter. Pitcairn Co. now owns 4,269 shares of the game software company’s stock worth $566,000 after acquiring an additional 237 shares during the last quarter. Finally, Freestone Capital Holdings LLC grew its stake in Electronic Arts by 221.2% during the first quarter. Freestone Capital Holdings LLC now owns 6,392 shares of the game software company’s stock valued at $848,000 after acquiring an additional 4,402 shares in the last quarter. 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.