Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CEO Sells 10,000 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 21st. The shares were sold at an average price of $127.63, for a total transaction of $1,276,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, August 23rd, Andrew Wilson sold 10,000 shares of Electronic Arts stock. The shares were sold at an average price of $142.26, for a total transaction of $1,422,600.00.
  • On Wednesday, July 21st, Andrew Wilson sold 10,000 shares of Electronic Arts stock. The shares were sold at an average price of $140.89, for a total transaction of $1,408,900.00.

Electronic Arts stock traded down $0.36 during mid-day trading on Wednesday, reaching $126.40. The company’s stock had a trading volume of 4,213,627 shares, compared to its average volume of 2,467,305. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. The firm has a market cap of $35.97 billion, a price-to-earnings ratio of 54.48 and a beta of 0.90. Electronic Arts Inc. has a twelve month low of $110.15 and a twelve month high of $150.30. The business has a 50 day moving average price of $140.89 and a 200-day moving average price of $140.20.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, August 3rd. The game software company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.52. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Electronic Arts had a return on equity of 13.81% and a net margin of 11.82%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business posted $1.25 earnings per share. On average, equities analysts expect that Electronic Arts Inc. will post 5.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 22nd. Shareholders of record on Wednesday, September 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Tuesday, August 31st. Electronic Arts’s payout ratio is 14.98%.

Hedge funds have recently bought and sold shares of the business. Motco lifted its stake in Electronic Arts by 97.8% in the second quarter. Motco now owns 178 shares of the game software company’s stock valued at $26,000 after buying an additional 88 shares during the last quarter. Heritage Wealth Management LLC lifted its stake in Electronic Arts by 122.2% in the second quarter. Heritage Wealth Management LLC now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 110 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Electronic Arts during the first quarter valued at about $30,000. Carolinas Wealth Consulting LLC raised its stake in shares of Electronic Arts by 147.1% during the second quarter. Carolinas Wealth Consulting LLC now owns 210 shares of the game software company’s stock valued at $30,000 after purchasing an additional 125 shares in the last quarter. Finally, Aspire Private Capital LLC raised its stake in shares of Electronic Arts by 2,566.7% during the first quarter. Aspire Private Capital LLC now owns 240 shares of the game software company’s stock valued at $32,000 after purchasing an additional 231 shares in the last quarter. Institutional investors own 88.68% of the company’s stock.

EA has been the subject of several recent research reports. Truist increased their price objective on shares of Electronic Arts from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, July 15th. KeyCorp lowered their price objective on shares of Electronic Arts from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, July 28th. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research report on Wednesday, September 15th. They issued a “buy” rating and a $165.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Electronic Arts from $175.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, August 5th. Finally, Berenberg Bank increased their price objective on shares of Electronic Arts from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, July 13th. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $162.85.

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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.

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

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