Electronic Arts (NASDAQ:EA) CEO Andrew Wilson Sells 5,000 Shares

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total value of $855,250.00. Following the sale, the chief executive officer owned 52,393 shares in the company, valued at approximately $8,961,822.65. The trade was a 8.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, July 21st, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $152.21, for a total value of $761,050.00.
• On Friday, June 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $150.64, for a total value of $753,200.00.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $171.55 on Friday. The company has a market cap of $42.92 billion, a P/E ratio of 42.99, a PEG ratio of 2.21 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $180.90. The business’s 50-day simple moving average is $157.95 and its 200 day simple moving average is $147.23.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.05%.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Electronic Arts by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock valued at $4,198,607,000 after acquiring an additional 150,438 shares during the last quarter. State Street Corp boosted its position in Electronic Arts by 5.8% during the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after purchasing an additional 932,024 shares during the period. Ninety One UK Ltd boosted its position in Electronic Arts by 4.6% during the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock valued at $695,645,000 after purchasing an additional 193,442 shares during the period. Ameriprise Financial Inc. boosted its position in Electronic Arts by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after purchasing an additional 1,300,336 shares during the period. Finally, Invesco Ltd. boosted its position in Electronic Arts by 10.1% during the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock valued at $656,735,000 after purchasing an additional 378,824 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on EA. Arete Research set a $192.00 price objective on Electronic Arts in a report on Tuesday, August 5th. Wells Fargo & Company set a $168.00 price objective on Electronic Arts and gave the stock an “equal weight” rating in a report on Monday, July 28th. Hsbc Global Res upgraded Electronic Arts from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 7th. HSBC upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Wednesday, May 7th. Finally, Argus set a $170.00 price objective on Electronic Arts in a report on Friday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus target price of $167.12.

Electronic Arts Company Profile

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.