Insider Selling: Electronic Arts Inc. (NASDAQ:EA) CEO Sells 5,000 Shares of Stock

Electronic Arts Inc. (NASDAQ:EA – Get Rating) CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $129.00, for a total transaction of $645,000.00. Following the completion of the sale, the chief executive officer now directly owns 80,274 shares in the company, valued at approximately $10,355,346. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

On Tuesday, December 27th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $120.84, for a total transaction of $604,200.00.
On Monday, November 28th, Andrew Wilson sold 5,000 shares of Electronic Arts stock. The shares were sold at an average price of $128.68, for a total transaction of $643,400.00.
On Thursday, November 17th, Andrew Wilson sold 10,000 shares of Electronic Arts stock. The shares were sold at an average price of $128.61, for a total transaction of $1,286,100.00.

Electronic Arts Price Performance

Electronic Arts stock opened at $116.76 on Thursday. Electronic Arts Inc. has a 52-week low of $109.24 and a 52-week high of $142.79. The firm has a fifty day moving average of $125.21 and a 200-day moving average of $126.10. The firm has a market capitalization of $32.24 billion, a P/E ratio of 36.37, a PEG ratio of 2.04 and a beta of 0.88. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.24.

Want More Great Investing Ideas?

Electronic Arts (NASDAQ:EA – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The game software company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($1.89). Electronic Arts had a return on equity of 16.42% and a net margin of 12.37%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company earned $2.80 EPS. Electronic Arts’s revenue was down 9.1% on a year-over-year basis. As a group, analysts predict that Electronic Arts Inc. will post 5.54 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on EA shares. Morgan Stanley reduced their price target on shares of Electronic Arts from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Wednesday. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Monday. Wedbush reduced their price objective on shares of Electronic Arts from $164.00 to $139.00 in a research note on Wednesday. Wells Fargo & Company reduced their price objective on shares of Electronic Arts from $150.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Bank of America downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $155.00 to $130.00 in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.68.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently made changes to their positions in EA. Northern Oak Wealth Management Inc. acquired a new stake in Electronic Arts during the 2nd quarter valued at $25,000. Ameliora Wealth Management Ltd. acquired a new stake in Electronic Arts during the 3rd quarter valued at $29,000. MCF Advisors LLC grew its holdings in Electronic Arts by 2,500.0% during the 3rd quarter. MCF Advisors LLC now owns 260 shares of the game software company’s stock valued at $30,000 after purchasing an additional 250 shares in the last quarter. Neo Ivy Capital Management grew its holdings in Electronic Arts by 70.1% during the 2nd quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock valued at $31,000 after purchasing an additional 108 shares in the last quarter. Finally, Riverview Trust Co acquired a new position in Electronic Arts during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 89.46% of the company’s stock.

About Electronic Arts

(Get Rating)

Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.