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

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the transaction, the chief executive officer now directly owns 52,615 shares in the company, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, October 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was 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 transaction of $353,750.00.
• On Monday, August 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $148.88, for a total transaction of $372,200.00.

Electronic Arts Stock Down 0.8 %

EA opened at $166.67 on Friday. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $43.71 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78. The company has a fifty day moving average price of $149.36 and a 200-day moving average price of $143.74.

Electronic Arts Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Cowen raised their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. UBS Group raised their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Raymond James raised their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Eight research 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors have recently modified their holdings of EA. Ashton Thomas Securities LLC purchased a new position in Electronic Arts in the 3rd quarter worth $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the second quarter worth $28,000. Family Firm Inc. bought a new stake in Electronic Arts during the 2nd quarter valued at $33,000. New Covenant Trust Company N.A. purchased a new stake in Electronic Arts during the 1st quarter valued at $35,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Electronic Arts in the third quarter valued at about $36,000. 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.