Electronic Arts Inc. (NASDAQ:EA) Receives $155.30 Consensus PT from Brokerages

Shares of Electronic Arts Inc. (NASDAQ:EA) have been assigned a consensus recommendation of “Hold” from the twenty-three research firms that are covering the firm, Marketbeat.com reports. Thirteen analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $155.30.

EA has been the subject of several analyst reports. DA Davidson initiated coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price target for the company. Ascendiant Capital Markets upped their price target on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. UBS Group lifted their price objective on Electronic Arts from $138.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, April 3rd. Citigroup lowered their target price on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Oppenheimer reduced their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the transaction, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the sale, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock valued at $3,015,990 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Several institutional investors and hedge funds have recently made changes to their positions in the business. Swedbank AB lifted its holdings in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after buying an additional 95,190 shares during the period. Atomi Financial Group Inc. purchased a new stake in Electronic Arts in the fourth quarter worth about $217,000. Charles Schwab Investment Management Inc. grew its holdings in Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after acquiring an additional 36,153 shares in the last quarter. Huntington National Bank increased its position in Electronic Arts by 31.4% during the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company’s stock valued at $49,577,000 after purchasing an additional 80,968 shares during the period. Finally, Fisher Funds Management LTD bought a new stake in shares of Electronic Arts in the 4th quarter valued at about $3,730,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Trading Up 1.8 %

NASDAQ EA opened at $145.50 on Friday. The stock has a 50 day simple moving average of $136.76 and a two-hundred day simple moving average of $144.34. Electronic Arts has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The stock has a market cap of $37.92 billion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, analysts forecast that Electronic Arts will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 19.34%.

Electronic Arts Company Profile

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.