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

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $200.54, for a total value of $1,002,700.00. Following the sale, the chief executive officer directly owned 18,858 shares of the company’s stock, valued at $3,781,783.32. This represents a 20.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $203.21, for a total value of $1,016,050.00.
• On Monday, March 16th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $199.95, for a total value of $999,750.00.
• On Tuesday, February 17th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $199.50, for a total value of $997,500.00.

Electronic Arts Trading Up 0.2%

Shares of Electronic Arts stock traded up $0.41 during trading on Monday, hitting $201.05. 2,291,810 shares of the company were exchanged, compared to its average volume of 1,717,924. The firm has a market capitalization of $50.41 billion, a P/E ratio of 57.61, a price-to-earnings-growth ratio of 2.21 and a beta of 0.66. Electronic Arts Inc. has a 1-year low of $141.19 and a 1-year high of $204.88. The firm’s fifty day moving average price is $201.77 and its 200 day moving average price is $202.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s payout ratio is 21.78%.

Hedge Funds Weigh In On Electronic Arts

Hedge funds have recently made changes to their positions in the business. Ascentis Independent Advisors bought a new stake in shares of Electronic Arts during the 1st quarter worth approximately $27,000. MV Capital Management Inc. bought a new stake in Electronic Arts in the 4th quarter valued at $28,000. Ameriflex Group Inc. raised its stake in Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after acquiring an additional 69 shares during the period. Oakworth Capital Inc. bought a new stake in Electronic Arts in the 3rd quarter valued at $30,000. Finally, Asset Planning Inc bought a new stake in Electronic Arts in the 1st quarter valued at $32,000. 90.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EA shares. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Citigroup lifted their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Electronic Arts presently has an average rating of “Hold” and a consensus target price of $196.64.

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.