Electronic Arts (NASDAQ:EA) Given New $152.00 Price Target at UBS Group

Electronic Arts (NASDAQ:EA) had its target price upped by UBS Group from $138.00 to $152.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the game software company’s stock.

EA has been the subject of several other reports. StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Citigroup reduced their price objective on shares of 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 shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Monday, January 27th. BMO Capital Markets cut their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Finally, Benchmark raised their price target on shares of Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $155.30.

Electronic Arts Stock Down 6.6 %

EA stock opened at $135.34 on Thursday. The firm’s fifty day moving average is $134.10 and its 200 day moving average is $144.57. The firm has a market cap of $35.27 billion, a PE ratio of 34.44, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts has a one year low of $115.21 and a one year high of $168.50. 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 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, research analysts forecast that Electronic Arts will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 28,216 shares of the company’s stock, valued at $3,443,198.48. This represents a 3.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the sale, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at $3,354,721.70. The trade was a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,015,990 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently made changes to their positions in the stock. Moody National Bank Trust Division increased its holdings in Electronic Arts by 2.8% in the 1st quarter. Moody National Bank Trust Division now owns 5,306 shares of the game software company’s stock valued at $767,000 after purchasing an additional 143 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Electronic Arts by 299.1% during the first quarter. Versant Capital Management Inc now owns 1,872 shares of the game software company’s stock worth $271,000 after buying an additional 1,403 shares during the period. Jacobs & Co. CA grew its stake in shares of Electronic Arts by 1.2% in the first quarter. Jacobs & Co. CA now owns 59,117 shares of the game software company’s stock valued at $8,543,000 after buying an additional 681 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Electronic Arts by 4.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,951 shares of the game software company’s stock valued at $282,000 after buying an additional 84 shares during the period. Finally, DSG Capital Advisors LLC acquired a new position in Electronic Arts during the 4th quarter worth about $677,000. 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.