Electronic Arts (NASDAQ:EA) CEO Sells $1,015,600.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the sale, the chief executive officer directly owned 80,974 shares in the company, valued at $16,447,438.88. This trade represents a 5.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 21st, Andrew Wilson sold 5,066 shares of Electronic Arts stock. The shares were sold at an average price of $201.66, for a total value of $1,021,609.56.
• On Monday, May 18th, Andrew Wilson sold 2,240 shares of Electronic Arts stock. The stock was sold at an average price of $201.11, for a total transaction of $450,486.40.
• On Friday, May 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $200.54, for a total transaction of $1,002,700.00.
• On Wednesday, April 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $203.21, for a total transaction of $1,016,050.00.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $202.15 on Friday. The company has a 50 day moving average of $202.15 and a 200 day moving average of $202.39. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock has a market cap of $50.69 billion, a P/E ratio of 57.92, a P/E/G ratio of 2.28 and a beta of 0.65. Electronic Arts Inc. has a 12 month low of $146.97 and a 12 month high of $204.88.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Electronic Arts’s payout ratio is 21.78%.

Institutional Investors Weigh In On Electronic Arts

Large investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors purchased a new position in shares of Electronic Arts during the 1st quarter valued at about $27,000. Ameriflex Group Inc. boosted its stake in Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares in the last quarter. MV Capital Management Inc. purchased a new stake in Electronic Arts in the fourth quarter worth approximately $28,000. Asset Planning Inc bought a new position in Electronic Arts during the first quarter valued at approximately $32,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts in the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EA shares. Citigroup increased their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $196.64.

About Electronic Arts

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.