Electronic Arts Inc. (NASDAQ:EA) Receives $154.78 Consensus PT from Analysts

Shares of Electronic Arts Inc. (NASDAQ:EA) have earned a consensus recommendation of “Hold” from the twenty-three brokerages that are currently covering the firm, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $154.78.

Several analysts have weighed in on EA shares. Roth Mkm lowered their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Friday, January 31st. BMO Capital Markets lowered 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. StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a report on Monday, January 27th.

Electronic Arts Stock Up 0.9 %

Shares of NASDAQ:EA opened at $143.25 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $132.69 and a 200 day simple moving average of $144.70. The firm has a market cap of $37.33 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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, equities research analysts anticipate that Electronic Arts will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the sale, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the sale, the insider now owns 29,216 shares in the company, valued at approximately $4,311,405.12. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,000 shares of company stock valued at $2,454,240. 0.22% of the stock is owned by insiders.

Institutional Trading of Electronic Arts

Several institutional investors and hedge funds have recently bought and sold shares of EA. Putney Financial Group LLC acquired a new stake in Electronic Arts during the 4th quarter worth about $26,000. Pinnacle Bancorp Inc. raised its holdings in Electronic Arts by 141.0% during the 4th 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 period. Whipplewood Advisors LLC acquired a new stake in Electronic Arts during the 4th quarter worth about $32,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $33,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.