Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CEO Sells $643,400.00 in Stock

Electronic Arts Inc. (NASDAQ:EAGet Rating) CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $128.68, for a total value of $643,400.00. Following the transaction, the chief executive officer now owns 90,274 shares in the company, valued at $11,616,458.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, November 17th, Andrew Wilson sold 10,000 shares of Electronic Arts stock. The stock was sold at an average price of $128.61, for a total value of $1,286,100.00.
  • On Friday, October 28th, Andrew Wilson sold 5,885 shares of Electronic Arts stock. The shares were sold at an average price of $128.55, for a total value of $756,516.75.
  • On Monday, October 3rd, Andrew Wilson sold 6,975 shares of Electronic Arts stock. The shares were sold at an average price of $120.00, for a total value of $837,000.00.

Electronic Arts Trading Up 0.6 %

Shares of EA opened at $131.62 on Friday. The business’s 50-day moving average price is $125.26 and its 200 day moving average price is $127.85. The stock has a market capitalization of $36.34 billion, a P/E ratio of 41.00, a P/E/G ratio of 2.02 and a beta of 0.85. Electronic Arts Inc. has a 1-year low of $109.24 and a 1-year high of $142.79. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, November 30th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. Electronic Arts’s dividend payout ratio is currently 23.68%.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently bought and sold shares of EA. Tortoise Investment Management LLC boosted its position in Electronic Arts by 294.1% during the 1st quarter. Tortoise Investment Management LLC now owns 201 shares of the game software company’s stock worth $25,000 after acquiring an additional 150 shares during the period. Northern Oak Wealth Management Inc. acquired a new stake in shares of Electronic Arts during the 2nd quarter valued at about $25,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at about $29,000. MCF Advisors LLC lifted its holdings in shares of Electronic Arts by 2,500.0% during the 3rd quarter. MCF Advisors LLC now owns 260 shares of the game software company’s stock valued at $30,000 after buying an additional 250 shares during the last quarter. Finally, Neo Ivy Capital Management lifted its holdings in Electronic Arts by 70.1% in the 2nd quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock worth $31,000 after purchasing an additional 108 shares during the last quarter. 90.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EA. Deutsche Bank Aktiengesellschaft cut their target price on Electronic Arts from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 11th. Stifel Nicolaus cut their target price on Electronic Arts from $153.00 to $144.00 and set a “buy” rating on the stock in a research note on Monday, October 24th. Wells Fargo & Company raised their target price on Electronic Arts from $145.00 to $155.00 and gave the company a “maintains” rating in a research note on Thursday, August 4th. Finally, Truist Financial cut their price objective on shares of Electronic Arts from $154.00 to $150.00 in a research note on Monday. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.57.

About Electronic Arts

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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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