Analysts Set Electronic Arts Inc. (NASDAQ:EA) PT at $165.37

Shares of Electronic Arts Inc. (NASDAQ:EA) have earned an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $165.37.

EA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Roth Mkm lifted their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Stifel Nicolaus restated a “hold” rating and issued a $167.00 price target on shares of Electronic Arts in a report on Wednesday, December 18th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a research note on Friday, October 25th.

Electronic Arts Trading Up 0.3 %

Shares of EA stock opened at $146.29 on Thursday. The business’s fifty day moving average price is $157.32 and its 200 day moving average price is $148.86. The firm has a market capitalization of $38.37 billion, a PE ratio of 37.61, a P/E/G ratio of 2.14 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts has a 1-year low of $124.92 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now directly owns 28,190 shares in the company, valued at approximately $4,251,897.70. This represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $145.87, for a total value of $364,675.00. Following the completion of the sale, the chief executive officer now directly owns 51,747 shares in the company, valued at approximately $7,548,334.89. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock valued at $3,639,565 in the last ninety days. Insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts in the third quarter valued at about $25,000. Reston Wealth Management LLC acquired a new stake in Electronic Arts in the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC raised its stake in shares of Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares during the period. Larson Financial Group LLC lifted its position in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Electronic Arts by 9,280.0% in the fourth quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock valued at $69,000 after purchasing an additional 464 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.