Key Points
- EA CEO Andrew Wilson sold 2,240 shares on May 18 at an average price of $201.11, totaling about $450,486. After the sale, he still held 39,951 shares valued at roughly $8.0 million.
- Wilson has also sold multiple other blocks of 5,000 shares in recent months, including transactions on May 15, April 15, and March 16, indicating a pattern of insider selling.
- EA’s shares were trading around $201.59, near their 52-week high, while analysts remain largely cautious with a consensus Hold rating and an average price target of $196.64.
Electronic Arts Inc. (NASDAQ:EA - Get Free Report) CEO Andrew Wilson sold 2,240 shares of Electronic Arts stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $201.11, for a total transaction of $450,486.40. Following the sale, the chief executive officer owned 39,951 shares of the company's stock, valued at approximately $8,034,545.61. This represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Andrew Wilson also recently made the following trade(s):
- 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 transaction 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 transaction of $1,016,050.00.
- On Monday, March 16th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $199.95, for a total transaction of $999,750.00.
Electronic Arts Trading Down 0.1%
Shares of EA stock opened at $201.59 on Thursday. 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 market capitalization of $50.55 billion, a P/E ratio of 57.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The company has a 50 day moving average price of $201.89 and a 200 day moving average price of $202.23. Electronic Arts Inc. has a fifty-two week low of $141.19 and a fifty-two week high of $204.88.
Electronic Arts Dividend Announcement
The firm also recently disclosed 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 is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts's payout ratio is 21.78%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Electronic Arts by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company's stock worth $5,879,205,000 after acquiring an additional 485,030 shares during the last quarter. Pentwater Capital Management LP lifted its stake in 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 worth $2,237,414,000 after acquiring an additional 6,150,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 worth $1,382,030,000 after acquiring an additional 143,195 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Electronic Arts by 8.9% in 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 last quarter. Finally, Invesco Ltd. lifted its stake in Electronic Arts by 4.9% in the third quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company's stock worth $870,328,000 after acquiring an additional 202,657 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on EA shares. Weiss Ratings upgraded shares of Electronic Arts from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. Citigroup lifted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the company 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 investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $196.64.
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Electronic Arts Company Profile
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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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