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

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $201.05, for a total value of $1,005,250.00. Following the completion of the sale, the chief executive officer directly owned 48,858 shares in the company, valued at $9,822,900.90. This represents a 9.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, October 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $200.55, for a total transaction of $1,002,750.00.
• On Monday, September 22nd, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $172.79, for a total transaction of $863,950.00.

Electronic Arts Stock Down 0.1%

Electronic Arts stock traded down $0.23 during trading on Wednesday, reaching $201.58. The stock had a trading volume of 2,024,746 shares, compared to its average volume of 3,461,532. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The stock has a market cap of $50.28 billion, a PE ratio of 58.94, a P/E/G ratio of 3.04 and a beta of 0.74. The business has a 50 day moving average price of $193.59 and a 200 day moving average price of $169.82.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. Electronic Arts’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 earnings per share. On average, analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio is currently 22.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EA shares. TD Cowen cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Argus set a $210.00 price objective on shares of Electronic Arts in a report on Thursday, October 30th. Jefferies Financial Group cut shares of Electronic Arts from a “buy” rating to a “hold” rating and upped their target price for the company from $200.00 to $210.00 in a report on Tuesday, September 30th. Morgan Stanley increased their target price on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Finally, Wedbush reissued a “neutral” rating and issued a $200.00 price target on shares of Electronic Arts in a research report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $181.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EA. EverSource Wealth Advisors LLC increased its stake in Electronic Arts by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock valued at $425,000 after acquiring an additional 50 shares during the period. Ballentine Partners LLC grew its holdings in shares of Electronic Arts by 1.2% during the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after purchasing an additional 59 shares in the last quarter. Physician Wealth Advisors Inc. increased its position in shares of Electronic Arts by 5.9% during the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock valued at $212,000 after purchasing an additional 59 shares during the period. Linden Thomas Advisory Services LLC raised its stake in shares of Electronic Arts by 3.6% in the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock valued at $392,000 after purchasing an additional 67 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

About Electronic Arts

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.