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

Electronic Arts Inc. (NASDAQ:EAGet Free Report) CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This represents a 5.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 Thursday, May 21st, Andrew Wilson sold 5,066 shares of Electronic Arts stock. The shares were sold at an average price of $201.66, for a total value of $1,021,609.56.
  • 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 Friday, May 15th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were 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 shares were sold at an average price of $203.21, for a total value of $1,016,050.00.

Electronic Arts Trading Down 0.0%

Shares of EA opened at $203.02 on Wednesday. The company has a market capitalization of $50.91 billion, a P/E ratio of 58.17, a P/E/G ratio of 2.29 and a beta of 0.65. Electronic Arts Inc. has a one year low of $146.97 and a one year high of $204.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50-day moving average price of $202.21 and a 200 day moving average price of $202.38.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued 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 yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 21.78%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Wall Street Zen raised Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Finally, Citigroup increased their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $196.64.

Get Our Latest Analysis on Electronic Arts

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Pentwater Capital Management LP lifted its holdings in shares of Electronic Arts by 128.1% in the 4th quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock worth $2,237,414,000 after purchasing an additional 6,150,000 shares during the last quarter. Norges Bank bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $643,674,000. HBK Investments L P bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $390,267,000. Ameriprise Financial Inc. lifted its holdings in shares of Electronic Arts by 44.6% in the 2nd 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 bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $165,153,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts News Summary

Here are the key news stories impacting Electronic Arts this week:

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.

Featured Stories

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

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.