Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CEO Sells $326,650.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Monday, March 25th. The stock was sold at an average price of $130.66, for a total transaction of $326,650.00. Following the transaction, the chief executive officer now directly owns 25,930 shares of the company’s stock, valued at $3,388,013.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, February 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00.
• On Thursday, January 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $138.88, for a total value of $347,200.00.
• On Tuesday, December 26th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $137.44, for a total value of $343,600.00.

Electronic Arts Stock Performance

NASDAQ:EA opened at $131.87 on Thursday. The stock’s 50-day moving average is $137.56 and its 200-day moving average is $133.29. Electronic Arts Inc. has a 1-year low of $117.36 and a 1-year high of $144.53. The stock has a market cap of $35.26 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 1.93 and a beta of 0.77. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company earned $2.29 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. Equities research analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.14%.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its stake in Electronic Arts by 1.3% in the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock valued at $867,000 after buying an additional 84 shares during the period. Knights of Columbus Asset Advisors LLC lifted its stake in Electronic Arts by 0.3% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock valued at $4,106,000 after buying an additional 86 shares during the period. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Electronic Arts by 0.3% during the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock worth $3,261,000 after purchasing an additional 87 shares during the period. Mirador Capital Partners LP raised its position in shares of Electronic Arts by 2.9% during the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock worth $447,000 after purchasing an additional 91 shares during the period. Finally, Beacon Pointe Advisors LLC raised its position in shares of Electronic Arts by 5.0% during the second quarter. Beacon Pointe Advisors LLC now owns 1,900 shares of the game software company’s stock worth $246,000 after purchasing an additional 91 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EA shares. Wedbush reissued an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Wolfe Research started coverage on Electronic Arts in a report on Tuesday, December 12th. They set a “peer perform” rating for the company. Stifel Nicolaus lifted their target price on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. BMO Capital Markets began coverage on Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target for the company. Finally, UBS Group dropped their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.00.

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.