Electronic Arts Inc. (NASDAQ:EA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Electronic Arts Inc. (NASDAQ:EA) have been given a consensus rating of “Moderate Buy” by the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $165.37.

A number of analysts have weighed in on EA shares. Raymond James increased their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Roth Mkm lifted their target price on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a report on Friday, October 25th. Finally, Robert W. Baird upped their target price on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the transaction, the insider now owns 50,433 shares in the company, valued at $7,969,926.99. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,260 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $148.37, for a total value of $186,946.20. Following the completion of the sale, the chief financial officer now owns 7,553 shares in the company, valued at $1,120,638.61. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,144 shares of company stock worth $3,886,282. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after buying an additional 3,727,251 shares during the period. Capital International Investors raised its holdings in shares of Electronic Arts by 16.4% during the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after acquiring an additional 833,492 shares in the last quarter. Ninety One UK Ltd lifted its stake in Electronic Arts by 1.3% in the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock worth $596,825,000 after acquiring an additional 53,237 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after acquiring an additional 18,376 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Electronic Arts by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after purchasing an additional 53,800 shares during the period. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

NASDAQ EA opened at $162.87 on Wednesday. The company has a 50 day moving average price of $146.15 and a two-hundred day moving average price of $141.91. Electronic Arts has a 12-month low of $124.92 and a 12-month high of $163.00. The stock has a market capitalization of $42.72 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of 2.06 and a beta of 0.78. The company has a quick ratio of 1.45, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

About Electronic Arts

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.