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 Electronic Arts stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now owns 47,615 shares in the company, valued at approximately $7,047,020. This represents a 9.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, November 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00.
• 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 transaction of $353,750.00.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $147.80 on Friday. 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 company has a market cap of $38.76 billion, a price-to-earnings ratio of 37.99, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The stock’s 50-day moving average is $156.85 and its two-hundred day moving average is $148.04. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. Electronic Arts’s payout ratio is 19.54%.

Institutional Trading of Electronic Arts

Several hedge funds have recently added to or reduced their stakes in EA. Larson Financial Group LLC raised its stake in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after acquiring an additional 76 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in Electronic Arts by 2.9% during the second quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after purchasing an additional 79 shares during the last quarter. Shepherd Financial Partners LLC increased its stake in Electronic Arts by 1.6% in the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after purchasing an additional 88 shares during the last quarter. Finally, Grove Bank & Trust increased its stake in Electronic Arts by 23.5% in the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on EA shares. Morgan Stanley reiterated an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Stifel Nicolaus reiterated a “hold” rating and set a $167.00 price target on shares of Electronic Arts in a report on Wednesday. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Finally, Argus lifted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and an average target price of $165.37.

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.