Electronic Arts Inc. (NASDAQ:EA) CEO Sells $622,321.85 in Stock

Electronic Arts Inc. (NASDAQ:EAGet Free Report) CEO Andrew Wilson sold 4,639 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total value of $622,321.85. Following the transaction, the chief executive officer now owns 66,747 shares in the company, valued at approximately $8,954,110.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Thursday, April 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00.
  • On Monday, March 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $130.66, for a total transaction of $326,650.00.
  • On Monday, February 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00.

Electronic Arts Trading Up 0.5 %

Shares of EA stock opened at $135.06 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $35.98 billion, a P/E ratio of 28.86, a P/E/G ratio of 2.14 and a beta of 0.78. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53. The stock’s fifty day simple moving average is $129.53 and its 200 day simple moving average is $134.75.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.56%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently added to or reduced their stakes in EA. Vanguard Group Inc. grew its position in shares of Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after buying an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Electronic Arts by 496.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after acquiring an additional 2,090,504 shares during the last quarter. Norges Bank acquired a new stake in Electronic Arts during the 4th quarter valued at approximately $281,054,000. Swedbank AB bought a new position in Electronic Arts during the 1st quarter worth approximately $201,935,000. Finally, Jericho Capital Asset Management L.P. acquired a new position in shares of Electronic Arts in the 1st quarter worth approximately $189,055,000. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Robert W. Baird decreased their price target on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Wedbush reaffirmed an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 8th. Benchmark reissued a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Finally, StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

View Our Latest Research Report on Electronic Arts

Electronic Arts Company Profile

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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.

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Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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