Electronic Arts (NASDAQ:EA) CEO Sells $1,016,050.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $203.21, for a total value of $1,016,050.00. Following the completion of the transaction, the chief executive officer directly owned 23,858 shares in the company, valued at approximately $4,848,184.18. This trade represents a 17.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.
• On Thursday, January 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $204.26, for a total value of $1,021,300.00.

Electronic Arts Stock Up 0.2%

Shares of NASDAQ:EA opened at $203.83 on Friday. Electronic Arts Inc. has a 52-week low of $141.04 and a 52-week high of $204.88. The stock has a market cap of $51.01 billion, a P/E ratio of 76.63, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73. The business’s 50 day moving average is $201.48 and its 200 day moving average is $202.04. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 28.57%.

Institutional Trading of Electronic Arts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EA. Brighton Jones LLC lifted its position in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after acquiring an additional 294 shares during the period. Empowered Funds LLC lifted its position in Electronic Arts by 167.0% during the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after acquiring an additional 12,076 shares during the period. Geneos Wealth Management Inc. lifted its position in Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares during the period. Jump Financial LLC acquired a new stake in Electronic Arts during the 2nd quarter worth about $2,323,000. Finally, NewEdge Advisors LLC lifted its position in Electronic Arts by 96.4% during the 2nd quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after acquiring an additional 1,505 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of several recent research reports. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup dropped their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average target price of $188.30.

Electronic Arts Company Profile

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.