Andrew Wilson Sells 5,000 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Friday, June 20th. The stock was sold at an average price of $150.64, for a total transaction of $753,200.00. Following the transaction, the chief executive officer now directly owns 62,393 shares of the company’s stock, valued at $9,398,881.52. The trade was a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, May 21st, Andrew Wilson sold 2,666 shares of Electronic Arts stock. The stock was sold at an average price of $150.93, for a total transaction of $402,379.38.
• On Tuesday, May 20th, Andrew Wilson sold 6,563 shares of Electronic Arts stock. The shares were sold at an average price of $151.18, for a total transaction of $992,194.34.
• On Tuesday, April 22nd, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $145.37, for a total transaction of $726,850.00.

Electronic Arts Stock Up 2.6%

Shares of EA traded up $3.85 during trading hours on Monday, hitting $154.41. The company had a trading volume of 2,749,146 shares, compared to its average volume of 2,784,435. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company’s fifty day moving average price is $148.19 and its two-hundred day moving average price is $142.48. The company has a market capitalization of $38.72 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were issued a $0.19 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.49%. Electronic Arts’s dividend payout ratio is presently 17.92%.

Analysts Set New Price Targets

A number of research analysts have recently commented on EA shares. Hsbc Global Res raised Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. Morgan Stanley boosted their price objective on Electronic Arts from $135.00 to $148.00 and gave the company an “equal weight” rating in a report on Wednesday, May 7th. Argus set a $170.00 target price on Electronic Arts in a research note on Friday, May 16th. HSBC raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Wednesday, May 7th. Finally, TD Cowen raised their price target on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $161.88.

Institutional Trading of Electronic Arts

Hedge funds have recently modified their holdings of the company. Putney Financial Group LLC acquired a new stake in shares of Electronic Arts in the 4th quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts during the 1st quarter valued at about $28,000. Bank of Jackson Hole Trust increased its position in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after buying an additional 75 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts during the fourth quarter valued at about $32,000. Finally, LGT Financial Advisors LLC purchased a new position in shares of Electronic Arts in the 4th quarter valued at approximately $33,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

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.