Insider Selling: Electronic Arts (NASDAQ:EA) CEO Sells 2,240 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,240 shares of Electronic Arts stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $201.11, for a total transaction of $450,486.40. Following the completion of the sale, the chief executive officer directly owned 39,951 shares in the company, valued at approximately $8,034,545.61. This represents a 5.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, May 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was 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 stock was sold at an average price of $203.21, for a total transaction of $1,016,050.00.
• 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 transaction of $999,750.00.

Electronic Arts Stock Performance

EA stock traded down $0.11 during mid-day trading on Wednesday, hitting $201.59. The company had a trading volume of 1,488,834 shares, compared to its average volume of 1,789,385. The firm has a market cap of $50.55 billion, a PE ratio of 57.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. Electronic Arts Inc. has a 12 month low of $141.19 and a 12 month high of $204.88. The stock’s fifty day moving average price is $201.89 and its two-hundred day moving average price is $202.23.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 21.78%.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds have recently bought and sold shares of EA. Brighton Jones LLC grew its stake in Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after acquiring an additional 294 shares in the last quarter. Empowered Funds LLC lifted its position in Electronic Arts by 167.0% during the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after purchasing an additional 12,076 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after purchasing an additional 190 shares during the last quarter. Jump Financial LLC bought a new stake in Electronic Arts during the second quarter valued at approximately $2,323,000. Finally, NewEdge Advisors LLC lifted its position in Electronic Arts by 96.4% during the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock valued at $490,000 after purchasing an additional 1,505 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EA. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Citigroup boosted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Electronic Arts presently has an average 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.