Insider Selling: Electronic Arts (NASDAQ:EA) CEO Sells $1,005,250.00 in Stock

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

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

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

Electronic Arts Stock Down 0.2%

Shares of Electronic Arts stock opened at $200.69 on Friday. The firm has a market cap of $50.05 billion, a price-to-earnings ratio of 58.68, a P/E/G ratio of 3.04 and a beta of 0.74. The stock has a 50-day simple moving average of $195.40 and a 200-day simple moving average of $170.57. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 EPS 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 return on equity of 15.30% and a net margin of 12.14%.The company’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 EPS. On average, equities research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be paid a $0.19 dividend. 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 payout ratio is presently 22.22%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Arete Research set a $192.00 target price on shares of Electronic Arts in a research report on Tuesday, August 5th. Citigroup increased their price objective on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Morgan Stanley raised their price objective on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Wells Fargo & Company set a $168.00 target price on Electronic Arts and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, DA Davidson increased their price target on Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $181.64.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Norden Group LLC bought a new position in shares of Electronic Arts in the second quarter worth about $214,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Electronic Arts by 34.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after purchasing an additional 10,453 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new position in Electronic Arts in the 1st quarter worth approximately $319,000. Vest Financial LLC lifted its holdings in Electronic Arts by 5.7% during the 2nd quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock worth $44,408,000 after buying an additional 15,032 shares in the last quarter. Finally, Alta Advisers Ltd bought a new position in Electronic Arts in the 2nd quarter valued at $205,000. 90.23% of the stock is owned by 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.