Electronic Arts (NASDAQ:EA) CEO Sells $999,750.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $999,750.00. Following the transaction, the chief executive officer owned 28,858 shares of the company’s stock, valued at $5,770,157.10. This represents a 14.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, February 17th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $199.50, for a total transaction of $997,500.00.
• On Thursday, January 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $204.26, for a total transaction of $1,021,300.00.

Electronic Arts Stock Up 0.0%

EA stock opened at $200.69 on Friday. Electronic Arts Inc. has a 52 week low of $131.15 and a 52 week high of $204.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The firm has a 50-day simple moving average of $201.62 and a 200-day simple moving average of $197.71. The stock has a market capitalization of $50.22 billion, a P/E ratio of 75.45, a P/E/G ratio of 2.39 and a beta of 0.75.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts’s payout ratio is 28.57%.

Analysts Set New Price Targets

Several research firms have recently weighed in on EA. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup dropped their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $188.30.

Institutional Trading of Electronic Arts

Large investors have recently bought and sold shares of the business. Ameriflex Group Inc. boosted its holdings in shares of Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. MV Capital Management Inc. acquired a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $28,000. MTM Investment Management LLC purchased a new position in Electronic Arts during the second quarter worth approximately $30,000. Oakworth Capital Inc. purchased a new position in Electronic Arts during the third quarter worth approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.