Electronic Arts Inc. (NASDAQ:EA) Given Consensus Rating of “Hold” by Brokerages

Electronic Arts Inc. (NASDAQ:EA) has been assigned an average recommendation of “Hold” from the twenty-three research firms that are currently covering the company, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $154.78.

Several equities analysts have weighed in on EA shares. DA Davidson started coverage on Electronic Arts in a research note on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective on the stock. Citigroup decreased their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research report on Monday, January 27th. BMO Capital Markets decreased their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Finally, Bank of America lifted their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th.

Electronic Arts Stock Performance

NASDAQ:EA opened at $142.90 on Tuesday. The company has a market capitalization of $37.24 billion, a PE ratio of 36.36, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a 50 day simple moving average of $132.81 and a two-hundred day simple moving average of $144.80. 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 has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Research analysts anticipate that Electronic Arts will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the sale, the insider now owns 28,216 shares of the company’s stock, valued at $3,443,198.48. The trade was a 3.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. This trade represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,000 shares of company stock valued at $3,194,240. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Putney Financial Group LLC purchased a new stake in shares of Electronic Arts in the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. boosted its stake in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts in the fourth quarter worth about $32,000. LGT Financial Advisors LLC purchased a new stake in shares of Electronic Arts in the fourth quarter worth about $33,000. Finally, Millstone Evans Group LLC purchased a new position in Electronic Arts during the fourth quarter worth approximately $37,000. 90.23% of the stock is owned by institutional investors.

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.