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 business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares of the company’s stock, valued at approximately $4,647,637.50. This represents a 13.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, February 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00.
• On Tuesday, January 21st, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00.

Electronic Arts Stock Up 0.7 %

EA stock opened at $144.30 on Friday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market cap of $37.61 billion, a PE ratio of 36.72, a P/E/G ratio of 3.58 and a beta of 0.78. The firm has a 50 day simple moving average of $132.76 and a 200 day simple moving average of $144.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Ascendiant Capital Markets upped their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Benchmark decreased their target price on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research report on Monday, January 27th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $154.78.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its holdings in Electronic Arts by 4.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 62,486 shares of the game software company’s stock worth $8,963,000 after acquiring an additional 2,898 shares during the period. Pathstone Holdings LLC raised its holdings in Electronic Arts by 3.6% in the 3rd quarter. Pathstone Holdings LLC now owns 23,622 shares of the game software company’s stock worth $3,388,000 after acquiring an additional 821 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in Electronic Arts by 3.9% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,754 shares of the game software company’s stock worth $682,000 after acquiring an additional 180 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Electronic Arts in the 3rd quarter worth $2,362,000. Finally, PNC Financial Services Group Inc. raised its holdings in Electronic Arts by 20.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 50,354 shares of the game software company’s stock worth $7,223,000 after acquiring an additional 8,542 shares during the period. Institutional investors and hedge funds 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.