Insider Selling: Electronic Arts (NASDAQ:EA) CEO Sells 5,066 Shares of Stock

by · The Cerbat Gem

Electronic Arts Inc. (NASDAQ:EA – Get Free Report) CEO Andrew Wilson sold 5,066 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.66, for a total value of $1,021,609.56. Following the transaction, the chief executive officer owned 85,974 shares in the company, valued at $17,337,516.84. This trade represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $199.95, for a total value of $999,750.00.

Electronic Arts Trading Down 0.4%

NASDAQ EA traded down $0.90 during trading hours on Friday, hitting $200.97. 2,333,913 shares of the company’s stock were exchanged, compared to its average volume of 2,255,380. The business’s 50 day moving average is $201.93 and its 200-day moving average is $202.24. Electronic Arts Inc. has a 12-month low of $141.19 and a 12-month high of $204.88. The firm has a market capitalization of $50.39 billion, a P/E ratio of 57.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.

Hedge Funds Weigh In On Electronic Arts

A number of large investors have recently modified their holdings of the company. Groupe la Francaise grew its stake in shares of Electronic Arts by 80.5% in the first quarter. Groupe la Francaise now owns 65,396 shares of the game software company’s stock valued at $13,332,000 after buying an additional 29,156 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at about $2,042,000. Kentucky Retirement Systems grew its stake in shares of Electronic Arts by 61.7% in the first quarter. Kentucky Retirement Systems now owns 25,522 shares of the game software company’s stock valued at $5,203,000 after buying an additional 9,734 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Electronic Arts in the first quarter valued at about $34,148,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Electronic Arts by 9.4% in the first quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the game software company’s stock valued at $440,000 after buying an additional 186 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EA shares. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Citigroup raised their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $196.64.

Check Out Our Latest Analysis on EA

Electronic Arts Company Profile

(Get Free Report)

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.

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