Insider Selling: Electronic Arts (NASDAQ:EA) CEO Sells $997,500.00 in Stock

Electronic Arts Inc. (NASDAQ:EAGet Free Report) CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $199.50, for a total transaction of $997,500.00. Following the completion of the transaction, the chief executive officer directly owned 33,858 shares in the company, valued at $6,754,671. This trade represents a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, January 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $204.26, for a total transaction of $1,021,300.00.
  • On Monday, December 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $204.11, for a total transaction of $1,020,550.00.

Electronic Arts Stock Performance

Shares of EA stock opened at $200.40 on Friday. The stock’s 50-day moving average is $203.11 and its two-hundred day moving average is $193.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. Electronic Arts Inc. has a 1 year low of $128.02 and a 1 year high of $204.88. The firm has a market cap of $50.15 billion, a price-to-earnings ratio of 75.34, a PEG ratio of 2.41 and a beta of 0.74.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th 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 of this dividend is Wednesday, February 25th. Electronic Arts’s payout ratio is presently 28.57%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Electronic Arts by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock worth $5,879,205,000 after purchasing an additional 485,030 shares during the period. State Street Corp lifted its holdings in shares of Electronic Arts by 5.8% in 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 buying an additional 932,024 shares during the period. Pentwater Capital Management LP boosted its stake in shares of Electronic Arts by 128.1% in the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after buying an additional 6,150,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Electronic Arts by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock valued at $1,382,030,000 after buying an additional 143,195 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Electronic Arts by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock worth $926,194,000 after acquiring an additional 374,840 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EA shares. Argus set a $210.00 price objective on shares of Electronic Arts in a research report on Thursday, October 30th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Citigroup dropped their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Finally, Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $186.95.

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Electronic Arts News Roundup

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About Electronic Arts

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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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Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

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