Electronic Arts Inc. (NASDAQ:EA) Receives $165.37 Consensus PT from Analysts

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

A number of research analysts have recently weighed in on EA shares. Morgan Stanley restated an “equal weight” rating and set a $150.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a research report on Friday, October 25th. Roth Mkm increased their price objective on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st.

Electronic Arts Price Performance

Shares of EA opened at $165.30 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $43.35 billion, a PE ratio of 42.49, a PEG ratio of 2.18 and a beta of 0.79. The firm’s 50 day moving average price is $154.87 and its 200 day moving average price is $147.00. Electronic Arts has a twelve month low of $124.92 and a twelve month high of $168.50.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.46%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now owns 29,190 shares in the company, valued at $4,181,175.60. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $146.58, for a total transaction of $219,870.00. Following the completion of the transaction, the executive vice president now owns 26,360 shares of the company’s stock, valued at approximately $3,863,848.80. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,000 shares of company stock valued at $3,086,270. 0.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently added to or reduced their stakes in EA. Larson Financial Group LLC lifted its holdings in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after acquiring an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Electronic Arts by 2.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after acquiring an additional 79 shares in the last quarter. Shepherd Financial Partners LLC increased its holdings in Electronic Arts by 1.6% during the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after purchasing an additional 88 shares in the last quarter. Finally, Grove Bank & Trust raised its position in Electronic Arts by 23.5% in the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after purchasing an additional 94 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

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.