Insider Selling: Electronic Arts (NASDAQ:EA) CEO Sells 5,000 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $1,020,550.00. Following the completion of the sale, the chief executive officer owned 43,858 shares of the company’s stock, valued at approximately $8,951,856.38. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, November 17th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $201.05, for a total transaction of $1,005,250.00.
• 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 transaction 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 Price Performance

Shares of NASDAQ EA remained flat at $204.20 during midday trading on Tuesday. The stock had a trading volume of 1,665,175 shares, compared to its average volume of 3,362,426. The company’s 50 day simple moving average is $201.40 and its two-hundred day simple moving average is $176.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $204.64. The company has a market cap of $51.07 billion, a PE ratio of 59.71, a PEG ratio of 2.44 and a beta of 0.76.

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 the consensus estimate of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm posted $1.11 EPS. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, equities research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

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

Institutional Trading of Electronic Arts

A number of hedge funds have recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after purchasing an additional 294 shares during the period. Vestmark Advisory Solutions Inc. raised its position in Electronic Arts by 97.0% in the first quarter. Vestmark Advisory Solutions Inc. now owns 3,703 shares of the game software company’s stock worth $535,000 after acquiring an additional 1,823 shares during the period. Horizon Investments LLC boosted its stake in shares of Electronic Arts by 4.1% during the 1st quarter. Horizon Investments LLC now owns 3,423 shares of the game software company’s stock worth $495,000 after acquiring an additional 135 shares during the last quarter. Algert Global LLC purchased a new position in shares of Electronic Arts during the 1st quarter worth $890,000. Finally, Freestone Capital Holdings LLC grew its position in shares of Electronic Arts by 7.9% during the 1st quarter. Freestone Capital Holdings LLC now owns 9,632 shares of the game software company’s stock valued at $1,392,000 after acquiring an additional 708 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EA. Hsbc Global Res downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price on the stock. in a research note on Monday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. DZ Bank downgraded Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. 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. Four equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $181.21.

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.