Electronic Arts Inc. (NASDAQ:EA - Get Free Report) CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares in the company, valued at approximately $4,647,637.50. This trade represents a 13.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Andrew Wilson also recently made the following trade(s):
- On Thursday, February 20th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00.
- On Tuesday, January 21st, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00.
Electronic Arts Stock Down 0.0 %
Shares of NASDAQ:EA traded down $0.05 during midday trading on Tuesday, hitting $144.50. 2,381,967 shares of the stock were exchanged, compared to its average volume of 2,409,465. The company has a market capitalization of $37.66 billion, a PE ratio of 36.77, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The business's fifty day simple moving average is $132.81 and its two-hundred day simple moving average is $144.61.
Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.
Electronic Arts Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts's payout ratio is 19.34%.
Institutional Trading of Electronic Arts
A number of institutional investors and hedge funds have recently made changes to their positions in EA. Putney Financial Group LLC acquired a new position in Electronic Arts during the 4th quarter worth $26,000. Pinnacle Bancorp Inc. boosted its stake in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC acquired a new stake in Electronic Arts in the 4th quarter valued at approximately $32,000. LGT Financial Advisors LLC acquired a new stake in Electronic Arts in the 4th quarter valued at approximately $33,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Electronic Arts during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 90.23% of the company's stock.
Analyst Ratings Changes
A number of research firms recently commented on EA. Wedbush reiterated an "outperform" rating and set a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Moffett Nathanson upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a research report on Friday, January 31st. Stifel Nicolaus cut their price objective on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. DA Davidson initiated coverage on Electronic Arts in a report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 target price on the stock. Finally, StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of "Hold" and a consensus target price of $155.65.
Read Our Latest Research Report on EA
About Electronic Arts
(
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Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.
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