Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CEO Sells 5,000 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the transaction, the chief executive officer now directly owns 32,615 shares of the company’s stock, valued at $4,647,637.50. This trade represents a 13.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 stock was 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 stock was sold at an average price of $142.68, for a total transaction of $713,400.00.

Electronic Arts Stock Performance

EA opened at $144.30 on Monday. The firm has a market cap of $37.61 billion, a P/E ratio of 36.72, a PEG ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a 50 day simple moving average of $132.76 and a two-hundred day simple moving average of $144.62. 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 posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities 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. Stockholders of record on Wednesday, February 26th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds have recently modified their holdings of EA. Putney Financial Group LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth $26,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth $32,000. LGT Financial Advisors LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth $33,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EA shares. Oppenheimer reduced their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Robert W. Baird reduced their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Roth Mkm reduced their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a research note on Monday, January 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $154.78.

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.