Insider Selling: Electronic Arts (NASDAQ:EA) CEO Sells $1,002,700.00 in Stock

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $200.54, for a total value of $1,002,700.00. Following the completion of the transaction, the chief executive officer owned 18,858 shares in the company, valued at $3,781,783.32. The trade was a 20.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 18th, Andrew Wilson sold 2,240 shares of Electronic Arts stock. The shares were sold at an average price of $201.11, for a total value of $450,486.40.
• 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.
• On Tuesday, February 17th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $199.50, for a total value of $997,500.00.

Electronic Arts Stock Down 0.1%

Shares of EA opened at $201.59 on Thursday. Electronic Arts Inc. has a 52-week low of $141.19 and a 52-week high of $204.88. The company has a market capitalization of $50.55 billion, a PE ratio of 57.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The stock has a fifty day simple moving average of $201.89 and a two-hundred day simple moving average of $202.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EA. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup raised their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Three research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $196.64.

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently made changes to their positions in EA. Pentwater Capital Management LP grew its position in shares of Electronic Arts by 128.1% during the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock worth $2,237,414,000 after buying an additional 6,150,000 shares in the last quarter. Norges Bank acquired a new position in shares of Electronic Arts during the fourth quarter worth about $643,674,000. HBK Investments L P purchased a new stake in Electronic Arts during the fourth quarter worth approximately $390,267,000. Ameriprise Financial Inc. lifted its stake in Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after purchasing an additional 1,300,336 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in Electronic Arts during the fourth quarter worth approximately $165,153,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Company Profile

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.