Electronic Arts (NASDAQ:EA) CEO Andrew Wilson Sells 5,066 Shares

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,066 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.66, for a total value of $1,021,609.56. Following the completion of the sale, the chief executive officer directly owned 85,974 shares in the company, valued at $17,337,516.84. This trade represents a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, May 18th, Andrew Wilson sold 2,240 shares of Electronic Arts stock. The shares were sold at an average price of $201.11, for a total value 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 value 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 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.

Electronic Arts Price Performance

Electronic Arts stock traded down $0.90 during trading hours on Friday, hitting $200.97. The stock had a trading volume of 2,333,913 shares, compared to its average volume of 2,255,380. 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 stock has a market capitalization of $50.39 billion, a price-to-earnings ratio of 57.58, a PEG ratio of 2.22 and a beta of 0.66. Electronic Arts Inc. has a 1-year low of $141.19 and a 1-year high of $204.88. The stock’s fifty day moving average is $201.93 and its two-hundred day moving average is $202.24.

Electronic Arts Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 21.78%.

Institutional Trading of Electronic Arts

Large investors have recently made changes to their positions in the stock. Ascentis Independent Advisors acquired a new stake in shares of Electronic Arts during the first quarter valued at $27,000. MV Capital Management Inc. purchased a new position in Electronic Arts during the fourth quarter worth about $28,000. Ameriflex Group Inc. lifted its position in Electronic Arts by 100.0% during 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 during the period. Oakworth Capital Inc. purchased a new position in Electronic Arts during the third quarter worth about $30,000. Finally, Asset Planning Inc purchased a new position in Electronic Arts during the first quarter worth about $32,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Citigroup increased their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Electronic Arts presently 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.