Andrew Wilson Sells 2,500 Shares of Electronic Arts Inc. (NASDAQ:EA) Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total transaction of $350,650.00. Following the sale, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at $8,660,634.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, May 28th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $132.24, for a total transaction of $330,600.00.
• On Wednesday, May 22nd, Andrew Wilson sold 4,639 shares of Electronic Arts stock. The stock was sold at an average price of $134.15, for a total transaction of $622,321.85.
• On Thursday, April 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The shares were sold at an average price of $127.19, for a total transaction of $317,975.00.

Electronic Arts Trading Down 0.1 %

Electronic Arts stock opened at $139.33 on Friday. The firm has a 50 day simple moving average of $132.71 and a 200-day simple moving average of $134.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $37.02 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. As a group, equities research analysts expect that Electronic Arts Inc. will post 5.72 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s payout ratio is 16.24%.

Institutional Trading of Electronic Arts

Large investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. boosted its holdings in Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Cape Investment Advisory Inc. boosted its stake in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after purchasing an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Electronic Arts in the 1st quarter worth approximately $27,000. Larson Financial Group LLC acquired a new position in Electronic Arts in the 4th quarter worth approximately $30,000. Finally, Private Wealth Management Group LLC acquired a new position in Electronic Arts in the 4th quarter worth approximately $31,000. 90.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EA shares. Stifel Nicolaus upped their price objective on shares of Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Roth Mkm cut their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Robert W. Baird cut their target price on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Benchmark restated a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. Finally, Wedbush restated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.50.

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.