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 on Friday, May 15th. The shares were sold at an average price of $200.54, for a total value of $1,002,700.00. Following the completion of the sale, the chief executive officer owned 18,858 shares in the company, valued at approximately $3,781,783.32. This trade represents a 20.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $1,016,050.00.
• On Monday, March 16th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were 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 shares were sold at an average price of $199.50, for a total value of $997,500.00.

Electronic Arts Stock Performance

NASDAQ EA traded up $0.41 on Monday, reaching $201.05. The stock had a trading volume of 2,291,810 shares, compared to its average volume of 1,717,924. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a fifty day moving average of $201.77 and a two-hundred day moving average of $202.21. Electronic Arts Inc. has a 1-year low of $141.19 and a 1-year high of $204.88. The company has a market cap of $50.41 billion, a P/E ratio of 57.61, a price-to-earnings-growth ratio of 2.21 and a beta of 0.66.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is currently 21.78%.

Institutional Trading of Electronic Arts

Large investors have recently modified their holdings of the stock. Ascentis Independent Advisors bought a new stake in shares of Electronic Arts during the 1st quarter worth $27,000. Ameriflex Group Inc. lifted its position in shares of Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of Electronic Arts during the 4th quarter worth $28,000. Oakworth Capital Inc. bought a new stake in shares of Electronic Arts during the 3rd quarter worth $30,000. Finally, Asset Planning Inc bought a new stake in shares of Electronic Arts during the 1st quarter worth $32,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EA has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a report on Monday, May 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Citigroup increased their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.